In order to draw unemployment, they determine your income and average in some way. It appears the more you make, the less the benefit amount. That's me making an assumption. I haven't asked the question of an authority.
What's for sure is that unemployment benefits are taxable both by the state and federal governments. The government giveth and the government taketh away. Some of the giveth anyway.
If you get part time or temp work, you must report what you were paid. So you deduct off your unemployment check the gross weekly employment payment. So it's better for us not to work while drawing unemployment benefits? Not entirely. Work is therapeutic when you are unemployed. It's best to stay in the workforce simply because it looks better on your resume. A prospective employer can't tell the difference between lazy, and chronically unemployed. The can't tell the difference between lazy, and selective about who you work for and what you do.
Given the above, there is no financial analysis about whether you make more money on unemployment benefits or working part time. Its what you would look like to a prospective employer.
Take it from one who knows.
No comments:
Post a Comment