How much unemployment will I get if I make $600 a week?
Updated : September 22nd, 2022
How much unemployment will I get if I make $600 a week?
If you’re making $600 per week, the unemployment benefit amount will depend on the unique eligibility requirements of your state. In order to set insurance benefit amounts, each state considers several items, including how much money you’ve earned from an employer who pays into the state’s unemployment insurance system and your overall income history.
Let’s take a look at some sample benefit amounts:Indiana Unemployment Calculator
Select your state to calculate your weekly unemployment payment:
$600.00 a week is…
|$600.00 a week (40 hours)||Income|
|Daily (8 hours)||$120.00|
|Biweekly (80 hours)||$1,200.00|
|Monthly (173 hours)||$2,595.00|
|Quarterly (3 months)||$7,785.00|
|Yearly (52 weeks)||$31,200.00|
How much is $600 per week?
Do you make $600 each week? Knowing how much you make on a monthly, yearly, and even hourly basis will help you know where you are in terms of meeting your money obligations. With a little math, we can calculate your earnings for various time periods.
$600 a week is how much per hour?
Most people work around 40 hours each week. If your employer is giving you those work hours, in most states they must also provide healthcare. If you work less than 40 hours, you may not be eligible for health insurance …and that may more accurately reflect your work week. If it does, just plug in your own numbers. Either way, all you need to do is divide the weekly income by the number of hours you work.
$600 per week / 40 hours per week = $15 per hour
$600 per week is $15 per hour.
This is a little over two times the federal minimum wage. It’s also the minimum wage in Washington, D.C. There are cities across the country that have higher local minimum wages, such as Seattle, Washington, and Emeryville, California, both of which offer employees more than $17 per hour.
$600 a week is how much per month?
You may be tempted to say 4 weeks is a month, but that’s not quite right. There are, on average, 173 hours per month. This is a more accurate number since a month is not exactly 4 weeks. Most months have two or three days of change on top of that.
Let’s take a look at how we came up with 173 per month. To start, take your workweek and multiply it by 52 weeks in a year:
40 hours per week x 52 weeks = 2080 hours annually
Now bring in the number of months:
2080 hours annually / 12 months = 173 hours per month
Now bring in that $15 hourly wage.
$15 per hour x 173 hours per month = $2,595
$600 per week is $2,595 per month.
It may seem that you are very close to an even $3,000 per month, but remember that if you are employed, you are going to have around 7.65% of that removed for FICA taxes, resulting in a slightly lower $2,396.48. Of course, if $15 per hour is how much you make after taxes, you are calculating net earnings instead of gross earnings.
$600 a week is how much per quarter?
If you don’t live in a place with four seasons, thinking about quarters may seem a little strange. But when it comes to personal finance, spring, summer, fall, and winter are also good barometers of how much you are making and how well you are meeting your money obligations. To find this out, multiply your monthly income by three months.
$2,595 per month x 3 months = $7,785
$600 per week is $7,785 per quarter.
This is a good number to know in terms of how much you have left over for quarterly expenses like holiday shopping in the winter, landscaping in the spring, taking a vacation in the summer, and back-to-school expenses in the fall.
$600 a week is how much per year?
Since there are 52 weeks in the year, to figure out how much $600 a week is per year, all you need to do is multiply your weekly income by 52.
$600 per week x 52 weeks = $31,200
$600 per week is $31,200 per year.
This amount of money puts you in the 12% income tax bracket. However, there are plenty of tax deductions and tax credits you can explore to both lower your taxable income and get a refund on certain types of expenses you’ve shouldered, such as childcare, education, and solar panels.
$600 a week is how much per day?
Although the number of days that you work may differ from the traditional Monday through Friday work week, we will use a 40-hour, five-day workweek for our math. Just divide your work hours by your work week:
40 hours per week / 5 work days = 8 hours a day
Now you will once again factor in your hourly wage:
$15 per hour x 8 hours per day = $120
$600 per week is $120 per day.
For many Americans, especially renters, this is probably equivalent to an average utility bill, unless you’re using a lot of heat or air conditioning.
$600 a week is how much biweekly?
Most people are collecting pay every two weeks. Multiply your weekly wage by two to find yours:
$600 per week x 2 weeks = $1,200
$600 per week is $1,200 biweekly.
A dozen (times 100) is a nice, easy number to remember.
Best States To Live on $600 a Week
Choosing the best states to live on $600 a week depends largely on your housing costs since they will likely be your single biggest expense per month. And if they aren’t, it’s a serious sign that you need to cut back on spending or refinance any existing debt. Refinancing involves moving your debt to a new creditor with a lower interest rate.
The recommended number for your housing costs, whether that means rent or mortgage, is no more than 33% of your monthly income. At $2,595 per month (if you make $600 a week), you are looking at something like $856 per month for housing.
Some of the most affordable states in the union in which you could live are Mississippi (average rent $795/mo), Arkansas ($708/mo), Oklahoma ($879/mo), Missouri ($728/mo), New Mexico ($847/mo). All of these states also have some of the lowest cost of living indexes in the nation. The cost of living index takes housing, food, clothing, transportation, utilities, healthcare, education, and taxes into consideration to determine a number below or above 100, 100 being considered the national average. All the states mentioned above are in the 80s. South Dakota, North Dakota, Minnesota, Virginia, and Pennsylvania are right around the national average. And many states like Oregon (134.2), New York (139.1), California (151.7), and Hawaii (192.9) are actually above average, meaning they will probably be outside a $600 weekly budget in terms of living.
However, don’t think you are confined to the five cheapest states mentioned above. 29 U.S. states are below the average cost of living index and are affordable places in which to live, including desirable locations like Arizona, Texas, and Florida. The states in the sunbelt have seen significant growth in the last few years. Even within states that have higher indexes, there are places where you can live affordably. You just have to do some looking.