How to calculate quarterly earnings for unemployment

a straight proportion of one's total wages during the base period, or. You’ll need to provide your Social To get a better understanding of long-term unemployment it helps to know what the statistics say and what the causes and effects are. Multiply your highest earning quarter by 4 percent--or. • $1,300 in the highest quarter of your Base Period. Enter this information in the space provided on the form. committing fraud if you do not accurately report gross earnings when you request payment. Jan 17, 2019 · To calculate the amount of benefits you may receive, multiply your weekly benefit amount by 1. Each state sets its own unemployment tax rate. Key each total in the boxes below. The “Regular Base Note: Unlike the alternate base period , the regular base period doesn't use "lag quarter" wages. It's important to note that many states have a cap on how much unemployment they'll pay out to each worker. You wouldnt use your income from Q1 of this year. There are two types of base periods that may be used to establish a claim: Mar 23, 2020 · Enter your total wage earnings for each of the four calendar quarters listed, which are the first four of the most recent five completed calendar quarters. You will be liable for state unemployment taxes if the total amount of wages you pay for domestic services in a calendar quarter equals or exceeds $1,000. 00 The base period is a four quarter (one year) time frame using the first four of the last five completed calendar quarters at the time an initial unemployment insurance claim is filed. Feb 03, 2021 · “While unemployment benefits aren’t considered ‘earned income,’ they do influence your adjusted gross income (AGI), which is used to calculate the EIC. Determine the interest rate applicable to the delinquent period(s). Report for the week, calendar quarters of your regular base period (first four of the last five completed calendar quarters) or would do to find work. The employee income amount upon which this percentage is charged also varies from state to state. The quarter in which you were paid the most   Base Period wages typically establish monetary eligibility for Unemployment Compensation (UC). Your weekly benefits will be determined by your earnings during the high quarter, or the quarter in which you were paid the most. Your weekly benefit amount would be $150. A base period consists of 12 months, which each base period having four quarters that consist of three months each. Watch more How to Deal with Unemployment videos: http://www. Dec 11, 2020 · Your WBA will be between $70 and $535 (minimum and maximum weekly benefit amounts in Texas) depending on your past wages. You may find this amount on the Benefit Chart  you and your dependents against loss of earnings upon retirement, in cash wages for any domestic services in any calendar quarter in either the current or preceding find another job and earn an amount equal to or more than your w 22 Apr 2020 equal or exceed 1. For example, if you earn $100. deductions, not take-home pay; and You must report . If your 1099K's show any quarter where you have earned more than  How Do Weekly Earnings Affect Unemployment Benefits? The UIA will find the calendar quarter in the claimant's Base Period in which the claimant had the  Under these conditions, your employer should issue a Low Earnings. Before You Apply · Filing Your Unemployment Application · File Your Weekly Certification · Your Work Search Responsibilities · Report Work and Earnings · Find a  After completing an application for unemployment insurance, you will be mailed a Earnings received in most recently completed quarter is not used to  Learn about unemployment eligibility and benefits in California. Base P Career > Weekly Unemployment Insurance Benefits Calculator The 4 quarters in your base period are the 1st 4 of the last 5 complete calendar quarters. Mar 31, 2020 · Highest quarter of earnings: $4,000. As a result, the quarter with the highest earnings of their base period. Make at least $2,250—at least $1,500 during one of the calendar quarters, and at least $750 during the remainder of the base period—from an insured employer during your base period. howcast. Line C2 on the quarterly Unemployment Tax and Wage Report is the total amount of wages you paid to all your employees during the quarter being reported that exceeds the first $7,000 you paid to each of them in the calendar year-to-date. You must have earnings in at least two quarters, earned at least $3,589 in your highest-earning quarter, and the total wages for all four quarters must be at least 1. Each base period has four quarters of three months each. • $900 in your highest quarter and total base period earnings of 1. whole dollars. Gross earnings are your wages before taxes and other deductions. Look at the base period where you received the highest pay. The quarter with the highest earnings will then be used to calculate your WBR. As of October 4, 2020, the maximum weekly benefit amount is $855 per week. In many states, you will be compensated for half of your earnings, up to a certain maximum. To calculate how much an underemployed worker can receive in unemployment benefits for a week, two requirements must be satisf\൩ed:\爀屮\爀屮The first requirement is that for every dollar the worker earns in the week in gross wages, the worker’s unemployment 對benefits for the week must be reduced To get a better understanding of long-term unemployment it helps to know what the statistics say and what the causes and effects are. Forms. Qualified earnings in the base period determine your weekly benefit amount and maximum benefit amount. 4 Subtract Dec 12, 2019 · Calculate unemployment payments. Many states also charge additional fees for administrative costs and job-training programs. See full list on fileunemployment. How Ohio's Unemployment Insurance Benefit Amounts Are Calculated NOTE: See below for information about deductible income and earnings which. If you refer to a Form W-2, you will need to convert your gross pay from a yearly total into quarterly amounts based on when you were paid. Only wages paid during the base period are used to determine if a claimant has qualifying wages to start an unemployment benefit year. How to do the calculation for estimated quarterly taxes  Pay unemployment compensation benefits in a timely manner to eligible A. The form is used to calculate unemployment contributions for the quarter, to report employee wage information for the quarter and to make payment for any 2nd Quarter returns and payments due on or before July 31; 3rd Quarter returns and payments due on or before October 31, and; 4th Quarter returns and payments due on or before January 31. 04--to determine the weekly benefit amount. Non-profit organizations are liable for the year when it has employed four or more persons during each of 20 weeks in a given calendar year. For example, if you file your claim in March, your base period would run from Oct. Employers meeting any of the following criteria are generally liable and must submit an application DOL-1A and file quarterly reports: a) employers with a quarterly payroll of $1500 or at least one worker in 20 different calendar weeks during a calendar year; or b) agricultural employers with at least $20,000 in gross payroll for a calendar quarter or with 10 or more workers on any day during Feb 03, 2021 · Earnings Requirements: To receive unemployment compensation, workers must meet the unemployment eligibility requirements for wages earned or time worked during an established (usually one year) period of time. Below you'll find information on collecting unemployment in Maine. An example of how this is computed appears below. org Jan 31, 2016 · Further, your unemployment insurance agency is well-versed in the subject and will calculate your income eligibility using the base period. 5 times high quarter earnings in order to be eligible. 00 or more can defer paying up to 60% of the total liability to future quarters. Under the new rules, you can work up to 7 days per week without losing full unemployment benefits for that week, if you work 30 hours or fewer and earn $504 or less in gross pay excluding earnings from self-employment. To calculate your WBA, we divide your base period quarter with the highest wages by 25 and round to the nearest dollar. The Department of Labor provides information about minimum and maximum benefits based on your previous earnings. $900 in his or her highest quarter and total base period earnings of 1. More information about Nov 09, 2020 · Quarterly estimated taxes may seem intimidating at first glance. 5x the wages earned in your highest-earning quarter. Use the date work started information from the SSA-821-BK or the date hired information from the NDNH to determine the number of months worked in the quarter, and divide the earnings amount accordingly. 00 Minus earnings exemption ** (20% of $400. To report your quarterly earnings on the unemployment application, locate your old pay stubs. Individuals must states that use high-quarter wages calculate the benefit as a percentage of high-quarter wages. Base Period. Wages and Hours The state will use the amount of wages you earned and/or the number of hours you worked to determine whether you can receive unemployment benefits for the base year. But thanks to federal If you work less than full-time during a calendar week, you can collect unemployment benefits for that week as long as your gross earnings are not equal to or greater than 1 1/2 times your weekly benefit amount. total gross earnings . Dec 09, 2018 · The IDES figures claimants' total unemployment benefits as being 47 percent of the earnings that they made in their two highest paid calendar quarters. Set aside the pay records from the most recent earnings quarter  Determine your highest-earning quarter. Multiply the amount of tax due by the interest rate for each month, or portion thereof, from the due date to the date paid. Calculate the sum of your expenses to determine your total expenses during the quarter. How to Calculate Estimated Taxes and Make A Payment. To avoid assessment of interest on the deferred amount, employers must comply with certain requirements. Employers with a first quarter tax liability of $1,000. Since even 10 Apr 2020 California's Unemployment Insurance (UI) program pays benefits to individuals who equals 1. Each state  12 Aug 2020 The weekly benefit amount in California is calculated via a benefits chart based on your earnings in the highest quarter of the past four quarters. Benefits are based on some percentage of these prior earnings. Each quarter, all employers must submit an employment and wage detail report calculate your balance due for unemployment insurance contributions, EMAC,   This estimate is not a guarantee of benefits. However, there are some things you can do to make them easier. gross earnings in . Each state has a minimum and maximum weekly benefit--ranging from $5 in Hawaii to $722 in Massachusetts. • Step 4: Add any outstanding amount of any EIDL made between January 31, 2020 The amount of benefits you receive depends on both your state and prior earnings. To calculate the benefit, determine the base period, calculate wages in the highest-earning quarter and determine the corresponding weekly benefit amount. If your high quarter earnings were 3575 or less divide by 25 instead. Keep in mind that this is just an estimate of your weekly benefit amount. In order to qualify for  The Unemployment Insurance (UI) benefit calculator will provide you with an estimate of your weekly UI benefit amount, which can range from $40 to $450 per   The first four calendar quarters of the last five full quarters you worked prior to the week you file for unemployment benefits give you your base year. The results obtained are not guaranteed to be accurate. 00) - 80. Determine Your Long-Term Capital Gains Rate. 5 days ago of wages I must earn to meet the minimum eligibility for unemployment insurance (UI) benefits? wages from that quarter count in your base period. Base Period Quarterly Wages. Some states use the applicant's average earnings over a one-year period to calculate benefits; others use the applicant's average earnings in the highest paid quarter of the base period; and others use another method. Paid $20,000 in cash wages in one calendar quarter or employed 10 or more workers for 20 weeks in a given calendar year for farm work. (Line A) _____ ÷ (Line B) _____ = _____ DURATION TABLE Earnings Ration Duration (The number of weeks you are able to collect benefits) Dec 02, 2020 · The Occupational Outlook Handbook is the government's premier source of career guidance featuring hundreds of occupations—such as carpenters, teachers, and veterinarians. This will likely only be an issue if you're a high wage earner. Qualifying Wage Requirements. Amount and Duration of Unemployment Benefits in Nevada. Total wages ($7,800) divided by two: $3,900. Also, workers must be determined to be unemployed through no fault of their own, so if you quit or were fired, you may not be eligible This will depend on the amount of wages that you pay during a calendar quarter. 30 of the previous year. Once you’ve used our estimated tax calculator to figure out how much you owe, making the payment is fairly straightforward and takes less than 15 minutes. Apr 14, 2020 · Add the pay for each month in the last four completed quarters to calculate the gross wages used to determine the level of your unemployment benefits. The 4 quarters in your base period are the 1st 4 of the last 5 complete calendar quarters. Domestic services: If you hire someone to perform domestic services in a private home, college club, fraternity or sorority, you do not report until you pay wages of $1,000 or more per quarter. In addition, at the end of every quarter employers report the names, social&nb When an individual applies for unemployment, the Unemployment Insurance (UI) of at least one and one-half times their highest single quarter earnings, and Click here for additional information on the calculation of the weekly bene 7 May 2020 Self-employed workers applying for unemployment benefits may get less than their tax returns to calculate their weekly jobless pay, according to a Labor But state unemployment offices generally look at the W-2 earni 20 Apr 2020 Unemployment benefits are calculated according to a “base period. If your unemployment tax liability at the end of the year is over $500, you must make a deposit by January 31 of the following year or with your Annual Unemployment Unemployment insurance can be collected by workers separated from their jobs for acceptable reasons, such as a layoff, the business closing or a natural disaster impeding the ability to conduct business. Calculate labor force percentages and the unemployment rate employees, average weekly hours worked, and average hourly, weekly, and overtime earnings. Refer to the definitions above if you are uncertain about what qualifies as your adjusted gross income or as tax deductible. "Quarter of coverage" is a legal term, but you may also see the term "Social Security credit" (or just "credit") used elsewhere. You must report . Example: If the weekly benefit amount is $400. It's not unusual for employees to earn more during some quarters than in others, especially if their job was one that paid   The amount is based on your earnings over the past year, but each state has its Add the pay for each month in the last four completed quarters to calculate the   3 Aug 2020 While others look at the employee's earnings during the highest paid quarter or two-quarters of the base period. S. This type of base period is not adopted in all the states and is in effect only in the 12 states. Oct 19, 2020 · Annual salary — States calculate benefits based on annual or quarterly earnings. . Apr 29, 2020 · Since you have made a deposit for Quarters 1 and 2, if your tax liability for Quarter 3 (ending September 30) is under $500, you do not need to make a deposit for the 3rd Quarter. Divided by 26: $150. Unemployment Insurance Handbook for Employers (UCB-201-P) Section 1 - Benefits A. Contributions Forms and Publications - Unemployment Insurance. This allowed us to set a new definition of “gross earnings” that will mean some self-employed PUA claimants can get higher weekly benefit payments. Full-time commission income before the job loss is not used to calculate benefits. AND your total base period wages must be at least 1. The earnings are only for work preformed for an employer that pays unemployment insurance. The earnings ratio is your total base period wages divided by the quarter in your base period that has the most wages (line A divided by line B equals Earnings Ratio). ” Income Taxes vs. Average total wages in two high quarters: $3,900. Unemployment benefits fraud is punishable by law, both felony and  Please do not call our unemployment claims center with questions as call The actual amount you are eligible to receive depends on the earnings in which calendar quarters will make up your base year in order to estimate the amount. Two types of base periods may be used to establish a claim: Form ME UC-1 QUARTERLY REPORT OF UNEMPLOYMENT CONTRIBUTIONS must be filed by all employers registered to remit unemployment contributions. Unemployment takes place at the state level and each state has there own formula for determining unemployment. Do not use  Be careful to use gross wages - not take-home pay - and assign your wages to the quarters in which you were paid. 2017 Long-Term Capital Gain Rates. The percentage an employer must pay isn’t a set amount but instead is a percentage range. Unemployment benefits pay 4 percent “of the total high quarter wages from all covered employment,” according to the Wisconsin Department of Workforce Development. If you work multiple jobs, add your gross earnings from each job and report the total. If you earn less than 1/2 of your weekly benefit amount, there will be no reduction in your unemployment insurance check. 25 times the individual's highest base period quarter earnings. The report and tax will be due on a quarterly basis. and prompted many businesses to hit pause. Yes , if the payments received were calculated on a weekly basis because you were A. FICA Taxes If there’s any good news here, it’s that unemployment compensation is not subject to FICA taxes, the flat-percentage Social Security and Medicare taxes • Calculate unemployment contributions for the quarter • Report employee wage information for the quarter • Make payment for any balance due for unemployment contributions, the Competitive Skills Scholarship Fund (CSSF) and the Unemployment Program Administrative Fund (UPAF). For example, if your weekly benefit amount is $400, you may earn up to $100 (which is 25%) without a reduction in your benefits. Generally, you use IRS Schedule C to calculate your net earnings from self-employment. 1 to Sept. 75, primarily state unemployment insurance tax (from state quarterly wage reporting forms), if any. Calculate the highest quarter earnings with a calculator. The percentage range […] On August 5, 2020, the U. receive unemployment, your weekly benefit rate is your average quarterly earnings during  How can my business pay its unemployment insurance taxes? How does an employer compute excess wages for the quarterly contribution report? then the earnings are to be reported to that state where the individual's base of operation 29 Jul 2020 How much could you get in unemployment insurance from the CARES and amount using a complex calculation based on quarterly earnings. To be eligible, at least 37 percent of the total qualifying wage (as in Part C of the Rate and Amount of Benefits Chart ) must have been paid in one or more quarters Corporate officers covered by unemployment insurance If you have no employees and no payroll for the quarter, you must file a no-payroll report . You’ll need to make the payments four *In order to accommodate the 2% benefit reduction required under Act 144, the Rates of Compensation of $98, $147, $196, $245, $294, $343, $392, $441, $490, and $539 now correspond to two different ranges of the Highest Quarterly Wage (Part A) and Qualifying Wages (Part C) in the Table Specified for the Determination of Rate and Amount of Benefits in the UC Law your base period and your high quarter wages are: • More than $4,000: Your benefit amount is the average wages of your two highest quarter wages, divided by Unemployment Benefits; New UC System Info; File for Benefits; Reopen an Existing Claim; Lost Wages Assistance (LWA) Emergency Unemployment (PEUC) Extended Benefits (EB) Pandemic Unemployment (PUA) Fraud; Manage My Benefits; What to Expect Computing Excess Wages for the Quarterly Unemployment Tax and Wage Report. Enter your approximate gross quarterly earnings in the boxes below. 1 Once you find out whether you are  to filing your claim for Unemployment Insurance. total gross earnings for the week you performed the work, not. Therefore, the first step is to identify the claimant's base period. Dec 20, 2018 · The amount of unemployment benefits is a factor of how much the claimant earned in wages during a base period. first four of the last five completed quarters to calculate your benefit Wages and other confidential unemployment insurance information may also quarter and to compute the amount of contributions due on the taxable wages. If you are eligible to receive unemployment, your weekly benefit rate (WBR) will be 4% of your total earnings during the highest paid quarter of the base period, subject to a minimum of $16 per week and a maximum of $407 per week (as of July 1, 2014). ❖ You have f You MUST report all work and earnings from employment when claiming benefits of investigations to verify the accuracy of Unemployment Insurance pay- ments. for every $1. NYS DOL’s new partial unemployment system uses an “hours-based” approach. To try again, press “Clear” and start over. To file online, use West Virginia’s Online Unemployment Compensation Employer Contribution System. # of Weeks Worked During Preceding Quarters Here's a quick breakdown of what you need to know about paying your quarterly tax payments. Item 6a: To calculate your earnings before deductions, multiply the number of hours you worked that week by your hourly rate of pay. We make no promises that the sum you receive will be equal to what the calculator illustrates. This calculator helps you estimate Use the table below to calculate the interest due on delinquent unemployment insurance taxes. 00 from the gross income Multiply the remainder by. If you are married and filing jointly and your adjusted gross income is less than $150,000, you can make a payment equal to 100% of what you paid in income taxes the previous year or 90% of the tax you estimate for the The "partial wage formula" used to compute partial weekly unemployment benefits is shown below: Subtract $30. Use the table below to calculate the interest due on delinquent unemployment insurance taxes. The highest quarter during this base period is used to calculate how much you have earned. before . • Step 3: Multiply the average monthly payroll costs from Step 2 by 2. The earnings ratio is your total base period wages divided by the quarter in your base period that has the. You can file your reports and payments online or on paper. This is the base period that is used to calculate your potential unemployment benefits. A QC is the basic unit for determining whether a worker is insured under the Social Mar 18, 2020 · Enter your total wage earnings for each of the four calendar quarters listed, which are the first four of the most recent five completed calendar quarters. Forms and brochures available in Word format (download Word viewer for free), Excel format (download Excel viewer for free), and PDF format (download Adobe Acrobat for free) May 18, 2020 · Over 36. $1,300 in the highest quarter of his or her Base Period. If your High Quarter was $7,500, you must have at least $11,924 total qualifying wages in the base year to qualify for the corresponding (weekly) rate (of compensation) of $295. Typically, it amounts to around 40-50% of your typical earnings-- up to the state maximum. If you work during a week for which you are requesting payment, you must report your work. Florida Unemployment Calculator . Your Statement of Benefits lists your weekly benefit amount. • Step 2: Calculate the average monthly payroll costs (divide the amount from Step 1 by 12). That being said, the more you know about how your eligibility is determined, the better equipped will be to make your claim as strong as possible and catch any mistakes that might happen. 5 million Americans have filed for unemployment over the past eight weeks as the coronavirus pandemic hit the U. after the employer(s) pay you. Unemployment Insurance. and when determining the weekly partial unemployment benefit. becomes unemployed/files a claim. or her highest quarter and total base period earnings of 1. 25 imes your high quarter earnings. If ODJFS finds out about earnings you did not report, y 22 Apr 2020 If Fred had been earning the same amount during the base period (four quarters after the lag quarter), according to the EDD calculator, his weekly  18 Feb 2015 Earnings by Demographics · Earnings by Industry · County Wages · Benefits The monthly employment data reported on both the Quarterly during or received pay (subject to Unemployment Insuranc 3 Jul 2018 Calculating the unemployment rate helps you to better understand the impact of employment and the economy. In order to begin calculating your quarterly taxes, you must start by estimating your adjusted gross income and deductions for the year. Sep 29, 2020 · How to Calculate the Federal Unemployment Tax (FUTA) employees $1,500 or more in any quarter of the year employees — two part-time and one full-time — with the following earnings for Feb 03, 2021 · The amount you receive depends on your weekly earnings prior to being laid off and on the maximum amount of unemployment benefits paid to each worker. When you work, your earnings are reported on quarterly tax and wage  The unemployment rate formula is the number of people looking for a job divided by the number in the labor force, and it has various implications. Second highest quarter of earnings: $3,800. By using UIConnect, employers can pay their quarterly unemployment The employer must calculate and report the earning capacity of such employees. Commission income when added to Dec 28, 2018 · The base period is the first four quarters of the five-quarter period before you filed your claim. Enter your gross earnings for each of the calendar quarters. The amount of earnings required for a quarter of coverage (QC) in 2021 is $1,470. exempted from any earnings you may receive before a deduction is made. ADWS administers Arkansas’ Unemployment Insurance (UI) program and facilitates employer compliance with the Arkansas Employment Security Law, collects unemployment insurance contributions from employers, provides unemployment insurance benefits to those eligible, and maintains management information systems for filing unemployment insurance claims and fraud detection. (See chart below). The EDD provides a weekly benefit amount calculator and the South Carolina Unemployment Compensation Commission, Re- search and Statistics base-period earnings and high-quarter earnings, and the relationship of employment, it is impossible to find a dividing line which separates t To estimate your WBA you must first determine what your wages are for the highest quarter during your Base Period. Calculate your projected benefit by filling quarterly wages earned below: We created this calculator to aid you evaluate what you might obtain if you are entitled. “regular” base period is the first four of the last five calendar quarters that they worked. Use If you are eligible to receive Unemployment Insurance (UI) benefits, you will receive a weekly benefit amount of approximately 50% of your average weekly wage, up to the maximum set by law. The “Alternate Earnings Qualifier” provision of the law says that a worker can qualify for benefits with wages in at least two quarters, if the total wages in the base  calculate unemployment insurance claims – is the last four completed calendar quarters immediately preceding the date on which your claim is effective. 67 (67%) Subtract this new amount (including the cents) from your WBR The Unemployment Benefits calculator is intended to be a quick reference for determining your approximate potential benefit amounts. The number of dependents — Some states give extra unemployment benefits depending on the size of your household. To calculate their weekly benefit, IDES multiplies their total benefits by 47 percent. You use IRS Schedule SE to calculate how much self-employment tax you owe. Identify the two highest quarters in your base year. Your base period is a 12-month period of ime. Department of Labor issued new guidance on how states can define "gross earnings" for weekly Pandemic Unemployment Assistance (PUA) claims. Press "Calculate" to see how much you are potentially eligible to receive. 25 and then subtract your gross earnings. Even if you know that the  28 Jul 2020 The unemployment rate is the percentage of the total labor force that is To calculate the unemployment rate, the number of unemployed people is average earnings, union membership and—for the jobless—whether they&nb Each state has a different rate, and benefits vary based on your earnings record and the date you became unemployed. To be as accurate as possible, you may want to refer to pay stub (s) and/or Form W-2 (s) you have received from your employer (s). Mar 19, 2020 · Additional information such as most recent quarterly earnings, proof of wages earned in the form of pay stubs, and verification of earned wages may be asked for in case of the Alternate Base Period. Check the NDNH for quarterly earnings. Jun 29, 2020 · How to Calculate and Pay State Unemployment Tax (SUTA) you pay SUTA taxes on a percentage of each employee’s earnings, up to a certain amount. port all earnings on your weekly claim certification – even those from self- employment, part-time, or temporary Unemployment Insurance Facts for Claimants . that’s monthly or quarterly. 5. 25 times the high quarter earnings. 10 May 2019 Because you're paying tax on this year's earnings before they've even happened. 00 of earnings in a week. In this example, add $50,000, $5,000, $10,000, $1,000 and $8,000 to get $74,000 in total expenses. a proportion of one's total wages during the highest three-month period ("quarter") in the base period. 00 and weekly earnings are $200. Jul 28, 2020 · Each state department of unemployment holds discretion over how to calculate a base period, but it is often the last 4 out of 5 quarters prior to beginning a claim. Determine your wages during each quarter of your base period. com/videos/354750-How-to-Calculate-UnemploymentThe Federal-State Unemployment Insurance P ome from Q4, Q3, Q2, and Q1 of last year. 5 times your highest quarter wages. That figure is then divided by 26, for the maximum number of weeks that claimants can receive benefits. In every state, however, benefit amounts are based on prior earnings. For an example of this calculation, review pages 7-8 of the Claim Your 1099K breaks down your monthly earnings so it's easy to figure out your quarterly. 00: To calculate the earnings deduction: Total earnings in week $200.