How much unemployment will I get if I make $800 a week?
If you earn $800 a week, there’s no one-size-fits all weekly benefit amount once you’re approved for unemployment benefits. Instead, your state will consider the specifics of your work history and previous income earned in order to set your benefit amount.
Here are a few examples:
Florida Unemployment CalculatorSelect your state to calculate your weekly unemployment payment:
$800.00 a week is… |
|
| $800.00 a week (40 hours) | Income |
| Hourly | $20.00 |
| Daily (8 hours) | $160.00 |
| Biweekly (80 hours) | $1,600.00 |
| Monthly (173 hours) | $3,460.00 |
| Quarterly (3 months) | $10,380.00 |
| Yearly (52 weeks) | $41,600.00 |
How much is $800 per week?
Are you happy with the amount of money you’re making weekly? What about hourly? What about monthly? What about daily? Let’s take a look at your earnings if you make $800 per week.
$800 a week is how much per hour?
When people look around for a new job, one of the first things they want to know is how much the job will pay per hour. People may even be willing to do jobs they normally wouldn’t want to do if the hourly pay is high enough…and they may be unwilling to do jobs they’d love if the hourly pay is not enough.
If you’re working 40 hours each week…
$800 per week / 40 hours per week = $20 per hour
Now you have a good gauge of your own work, its worth, and other potential alternatives. Do you think what you are doing is worth $20 per hour? Is it worth more? Could you make more doing something else? These are the questions you can ask when you break it down.
$800 a week is how much per month?
You don’t have to pay your rent each week, and you don’t have to make your car payment each week, either. While it’s good to know how much you get every seven days, for some aspects of managing your budget, it’s better to know how much you are making every month. This is where a monthly calculation comes in. First, you need to know how many work hours are in this month:
40 hours per week x 52 weeks = 2080 hours annually
2080 hours annually / 12 months = 173 hours per month (and some change)
Now add in your hourly wage:
$20 per hour x 173 hours per month = $3,460
$800 a week is how much per quarter?
Have any vacation plans for the summer? Are you hosting Thanksgiving this year? Do you plan on replanting your garden in the spring? These are the types of quarterly projects and expenses that make it good to know just how much money you’re bringing in every three months.
$3,460 per month x 3 months = $10,380
$800 a week is how much per year?
The annual math is straightforward enough:
$800 per week x 52 weeks = $41,600
The median household income in the United States is $67,521. If you’re making $800 each week, this means that you’re more than 60% of the way there. If you’re married and file taxes jointly with someone, they may be able to bridge the gap, or perhaps you might bridge it with a part time job or side hustle. And then there are plenty of states where $41,600 is just fine to live on. It all depends on where you live and your household size.
$800 a week is how much per day?
Do you ever think about how much you’ve taken home at the end of the day? If you’re making $800 each week, it’s going to look a little something like this:
$20 per hour x 8 hours per day = $160
Think about that next time you want to take some vacation time or use up a sick day. Alternatively, if you’ve had a hard day at work, on your way home appreciate the fact that despite it all you’ve just put $160 into your pocket.
$800 a week is how much biweekly?
If you’ve got a direct deposit hitting your bank account every two weeks, that amount is going to look something like this:
$800 per week x 2 weeks = $1,600
How To Earn More Than $800 a Week
The most basic path toward earning more than $800 each week is to either find a better paying job or to get promoted at your current job. But easier said than done, as they say. This is especially true during a recession when companies are laying people off, not hiring them. What might be a better idea is to do something on the side, like a second job or side hustle (as mentioned earlier).
Of course, it’s important not to make yourself too stressed, and to keep a good work-life balance in mind. But think about this: with 168 hours in every week, if you work at your job 40 hours each week, you’ve got 128 hours leftover. Assuming you sleep 8 hours every night, you’re still left with 72 hours. Yes, you need to eat, relax, and spend time with family, but there would seem to be plenty of time left over for at least 20 hours of a side hustle.
Imagine if you could also do something for $20 each hour. You’d be adding $400 to your income every week! Incidentally, that would bring your annual income up to $62,400!
The app economy has created more possibilities for side hustle work. You could drive your car around for Uber or Lyft, turning spare evenings into opportunities to collect fares. You could shop for someone on Instacart, or deliver food with DoorDash. Sometimes you can even kill two birds with one stone—like delivering food and doing Uber at the same time. Whatever the case may be, there are apps right on your phone that can turn your spare time into money through the gig economy.
Speaking of gig work, you could also make money right from home by doing specialized tasks like graphic design, writing, and web design. Marketplaces like Upwork or Fiverr will allow you to find clients that need certain types of work, like blogging, resumes, flyers, and crawling websites to find errors. That’s right…you don’t have to even leave your couch for your side hustle.
You could also consider getting a second job. But even better than all of these options is to create some sort of source of passive income. There are apps today that will let you rent out your car, or space in your home as storage. If you have a vacation home, you can turn it into an Uber. You can scour garage sales and flip items on eBay. The common factor among these options is that you won’t have to add too many more hours to your work week.
Comments are closed.