Question

In mike's state, the weekly unemployment compensation is 45% of the 26 weekly for the two highest salaried quarters. A quarter is three consecutive months. For july,august, and september, mike earned a total of $22,500. In october, november, and december, he earned a total of $22,900. Determine Mike's weekly unemployment compensation .

Answer 1

$785.77

Explanation:

Assuming that Mike earned the highest compensation between July and December (third and fourth quarters), his total compensation for the six month period = $22,500 + $22,900 = $45,400

his average weekly salary = $45,400 / 26 weeks = $1,746.15

Mike's unemployment compensation = $1,746.15 x 45% = $785.77