Unemployment Compensation
Max Weekly Benefit Amt.
Max Weeks of Benefits
Max Benefit Amount
Unemployment benefits compensation is the amount of money you earn every week and during your unemployment benefits period. Your unemployment benefit amount is calculated on the previous Sunday through Saturday period, and is paid out at the end of the week, usually on a Friday.
Your compensation is paid by the Tennessee Department of Labor and Workforce Development out of your employer's unemployment insurance taxes. Payment options include direct deposit into your bank account or a debit card.
Applying for benefits will help you get an understanding of how much you'll receive, but knowing how to calculate your benefits is a good skill to learn.
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Calculating Tennessee Unemployment Benefit Amounts
Determine Your Weekly Benefit Amount
Unemployment in Tennessee is typically about one-half of what you made in weekly pay at the time you were let go. The maximum Weekly Benefit Amount (WBA) is $325, however, so if your wage is over $650 a week when terminated from employment, you will still only make $325 per week.
http://fileunemployment.org/tennessee/tn-calculator
Determine Your Maximum Benefit Amount
Your Maximum Benefit Amount (MBA) is the limit of what you can make while on unemployment compensation. This amount is calculated by multiplying your WBA by 26, which is the maximum number of weeks you can receive benefits. By this criteria, the most anyone can make is $8,450.
EXAMPLE: If your benefits are $250 per week, you would earn an MBA of $6,500.