How much unemployment will I get if I make $1,500 a week?
If you make $1,500 per week, your unemployment benefit amount will be determined by your particular state, based on a few different factors. Your state’s unemployment office will look at your previous income and work history, along with the specific eligibility criteria, in order to determine the appropriate benefit amount.
Here are some examples of how benefit amounts vary from state to state:
Alaska Unemployment CalculatorSelect your state to calculate your weekly unemployment payment:
$1,500.00 a week is… |
|
| $1,500.00 a week (40 hours) | Income |
| Hourly | $37.50 |
| Daily (8 hours) | $300.00 |
| Biweekly (80 hours) | $3,000.00 |
| Monthly (173 hours) | $6,487.50 |
| Quarterly (3 months) | $19,462.50 |
| Yearly (52 weeks) | $78,000.00 |
How much is $1500 per week?
$1,500 every week seems like a nice solid number. But what exactly does it come out to every month, every year, and even every day? Let’s take a look by doing some simple math.
$1,500 a week is how much per hour?
Most Americans are working around 40 hours each week. Of course, if that’s not the case for you, you can still take your average work week and do the same math. All you need to do is take your weekly income and divide it by the number of hours you’re working. For the sake of our calculations, we’ll use the 40-hour work week.
$1,500 per week / 40 hours per week = $37.50 per hour.
$1,500 per week is $37.5 per hour.
This is more than five times the federal minimum wage. Regarding how it compares to your state’s minimum wage, that will depend on where you live. And sometimes even cities will have minimum wages. The highest of these is Emeryville, California, with a minimum wage of $17.68 (Seattle is actually higher, but only for specific types of jobs). That said, if you’re making $1,500 per year, you’re still making more than twice that amount every hour.
$1,500 a week is how much per month?
The first step to figuring this out is figuring out how many hours you actually work per month. This in truth will vary from month to month, because some months have 31 days, while others have 30, and February has 28 (29 in some years). But you can get a nice average just by taking the number of hours you work annually and dividing it by 12.
40 hours per week x 52 weeks = 2080 hours annually
2080 hours annually / 12 months = 173 hours per month
Now it’s time to factor in your hourly income to get a monthly average.
$37.50 per hour x 173 hours per month = $6,487.50
$1,500 per week is $6,487.50 per month.
Going back to Emeryville, California, which is part of the greater San Francisco Bay Area and one of the most desirable communities in the United States, the average mortgage payment is $2,684.43 while the average rent is even higher at $2,716.67. At $1,500 per week, you’re looking at housing costs eating up around 41% of your income, which is higher than the recommended 33%. This is an example of something you need to think about when comparing your monthly income to your monthly expenses.
$1,500 a week is how much per quarter?
Calendar quarters are typically referred to as Q1, Q2, Q3, and Q4. Each one of these quarters contains three months. To get the average income for a quarter, just take your monthly income and multiply it by 3.
$6,487.50 per month x 3 months = $19,462.50
$1,500 per week is $19,462.50 per quarter.
At this rate, you’re actually making more in one quarter than the average social security recipient is receiving the entire year.
$1,500 a week is how much per year?
This is the number that everyone wants to know for their tax returns…and the number that banks want to know when you’re applying for a credit card or loan. All you need to do is multiply your weekly income by the number of weeks in a year.
$1,500 per week x 52 weeks = $78,000
$1,500 per week is $78,000 per year.
This is a decent number in terms of annual income, which would allow you to live comfortably in most states. In fact, there are only seven states and the District of Columbia where the average household income is higher (Washington, Connecticut, California, Hawaii, Massachusetts, and Maryland).
$1,500 a week is how much per day?
For this calculation, we’re going to use a 5 day work week.
40 hours per week / 5 work days = 8 hours a day
Once again, you will add your hourly income into the mix:
$37.50 per hour x 8 hours per day = $300.00
$1,500 per week is $300 per day.
$1,500 a week is how much biweekly?
Most people get paid every two weeks. The math is simple:
$1,500 per week x 2 weeks = $3,000
$1,500 per week is $3,000 biweekly.
Interestingly enough, that’s ten times what you make in one day.
How To Make $1,500 a Week from Home
The COVID-19 pandemic changed how people think about work. Many employers switched to a remote employment model, and as life changed back to normal, they either stayed home or retained a hybrid of half-office, half-home scheduling. And some people simply disappeared from the salaried workforce, collecting pandemic assistance while they rethought their life and career. Some of these people have emerged into the new gig economy, where people are self-employed and can work entirely from home, on their own schedule.
If you look around online, you’re going to see a lot of strange, bad advice about making money from home. These websites will tell you to take surveys or solve captcha for money. The truth of the matter is that in order to make $1,500 from home by yourself, you’re going to need some of the same skills that you would need to make in the salaried business world. That is, you need some specific skills that you can market yourself, instead of putting them on a resume.
Some of these in-demand, high-paying skills include copywriting, web design, and graphic design. It can be very easy to find work on a marketplace like Fiverr or Upwork. But you can make even more money if you find clients yourself directly on a networking site like LinkedIn.
Alternate money making activities you can do from home are selling things on eBay. You can hit up local garage sales or store clearance sections and make a decent amount of money by selling that stuff to other people online. And if you can’t hit that $1,500 mark by leveraging your creative skill sets or by flipping sale items, you can also combine the separate revenue streams of both activities into $1,500 or more every week.