Unemployment Insurance Benefit Schedule
Year 2007
Employer Taxable Wage Base: $25,400
MAXIMUM WBA $383
(Weekly Benefit Amount)
MAXIMUM MBA $9,958
(Maximum Benefit Amount)
Determination of the Maximum Weekly Benefit Amount, Monetary Eligibility Requirement and Taxable Wage Base
Provided below are the computations used to determine the maximum weekly benefit amount, monetary eligibility requirement and taxable wage base as specified in Sections 35A-4-401(2)(b)(ii), 35A-4-208(2), and 35A-4-201(12) and (13) of the Utah Employment Security Act. For claimants who establish benefit years on or after January 1, 2007, the maximum weekly benefit amount will be $406 and the monetary eligibility requirement will be $2,800. The taxable wage base, effective January 1, 2007 will be $25,400.
Fiscal Year 2006
July 1, 2005 - June 30, 2006
1. Total Insured Wages for Fiscal Year 2005
|
$37,459,420,277.00 |
2. Average Insured Employment for FY 2005
|
1,107,464.00 |
3. Average Annual Wage (No. 1 divided by No. 2)
|
$33,824.50 |
4. Average Weekly Wage (No. 3 divided by 52 wks.)
|
$650.47 |
5. Maximum Weekly Benefit Amount
(62.5% of No. 4 disregarding any fraction of a dollar) |
$406.00 |
6. Monetary Eligibility Requirement
(8.0% of No. 3 rounded to the next higher multiple of $100) |
$2,800.00 |
7. Taxable Wage Base
(75% of No. 3 rounded to next higher multiple of $100) |
$25,400 |