Answer to Question #241354 in Financial Math for Katie

Question #241354

Sarah lives where weekly unemployment comp. is 55% of the 26-week avg. for the two highest-salaried quarters. If Sarah made an annual salary of $34,000 before being laid off, what will be her weekly unemployment compensation?


1
Expert's answer
2021-09-24T13:58:50-0400

Assuming annual salary before being laid-off was earned evenly through-out the year.

Annual salary = $34,000

Salary for 26 weeks or 2 quarters =($340004)×2=17000= ( \frac{\$34000 }{ 4} ) \times 2 = 17000

Average salary (per week)=1700026 weeks=$653.846= \frac{17000 }{26 \space weeks} = \$653.846 per week

Therefore, weekly un-employement compensation=55%×653.846=$359.615= 55\% \times 653.846 = \$359.615


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