Unemployment Compensation and Requirements
Max Weekly Benefit Amt.
Max Weeks of Benefits
Max Benefit Amount
Unemployment Compensation
Your unemployment compensation benefits are based on a variety of simple criteria and will vary. Typically, your set Weekly Benefit Amount won’t change much, unless you get a part-time or full-time job. Each state, including Michigan, has maximum benefits that they will pay out, and learning how to calculate your potential benefits is crucial.
Calculating Michigan Unemployment Benefits
- Maximum Time To Claim Benefits: 20 weeks
- Maximum Weekly Benefit Amount: $362
- Yearly Maximum Benefit Amount: $5,400
These maximum amounts will vary depending on various factors regarding your unemployment. While you can never go over these amounts, you may be under them.
Unemployed? We want to help.
Determine Your Weekly Benefit Amount (WBA)
As of September 2016, unemployed Michigan workers can receive 4.1 percent of their highest quarter earnings, plus an additional $6 per dependent (capped at five) every week. Calculating this requires looking at your wages during your employment, breaking them up into quarters, calculating which was your highest earning quarter, multiplying that by 4.1 percent, and adding up any dependent bonuses.
For example, if you earned $6,000 during your highest paying quarter, you would multiply 6,000 by 0.041 (the numerical form of 4.1 percent) to come up with $246 per week. If you have three children plus a dependent spouse, you would multiply four by six to come up with an extra $24. Add that to the previous amount and you have $270 per week.
Determine Your Maximum Benefit Amount (MBA)
Michigan currently has a weekly benefit limit of $362 per week, which is a maximum benefit amount of $7,240. If your weekly benefit amount is lower than that, you simply multiply your benefits by 20 (the maximum amount of payments) to calculate the amount. For example, if your weekly benefit amount was the $270 mentioned above, you would have a maximum benefit amount of $5,400.