The textbook discusses unemployment benefits and social security. As potential employees and retirees, you should be...
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The textbook discusses unemployment benefits and social security. As potential employees and retirees, you should be aware of the benefits related to both. Using government websites, you should be able to calculate your expected benefit payouts. Please read the following scenarios and determine the level of benefit for each one. benefits: Unemployment 1) Assume that you are a resident of Kansas. You have lost your job due to no fault of your own and will begin collecting unemployment in May 2021. During the time period January 2020 - December 2020, you have earned $16,000. How much can you expect to receive each week in unemployment benefits? 2) Assume that you are a resident of Kansas. You have lost your job due to no fault of your own and will begin collecting unemployment in May 2021. During the time period January 2020 - December 2020, you have earned $48,000. How much can you expect to receive each week in unemployment benefits? Social security benefits: 3) Assume you were born on April 15, 1958. Assume you will earn $60,000 in 2021. Assume that you earned $60,000 in 2020. Assume that you have not decided on a retirement date yet. In today's dollars, how much can you expect to receive each month if: a) retired at 63 years and 7 months in 2021 b) retired at 66 years and 8 months in 2024 c) retired at 70 years in 2028 The textbook discusses unemployment benefits and social security. As potential employees and retirees, you should be aware of the benefits related to both. Using government websites, you should be able to calculate your expected benefit payouts. Please read the following scenarios and determine the level of benefit for each one. benefits: Unemployment 1) Assume that you are a resident of Kansas. You have lost your job due to no fault of your own and will begin collecting unemployment in May 2021. During the time period January 2020 - December 2020, you have earned $16,000. How much can you expect to receive each week in unemployment benefits? 2) Assume that you are a resident of Kansas. You have lost your job due to no fault of your own and will begin collecting unemployment in May 2021. During the time period January 2020 - December 2020, you have earned $48,000. How much can you expect to receive each week in unemployment benefits? Social security benefits: 3) Assume you were born on April 15, 1958. Assume you will earn $60,000 in 2021. Assume that you earned $60,000 in 2020. Assume that you have not decided on a retirement date yet. In today's dollars, how much can you expect to receive each month if: a) retired at 63 years and 7 months in 2021 b) retired at 66 years and 8 months in 2024 c) retired at 70 years in 2028
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