Why unemployment benefits for the self-employed may be less than expected

Canada News News

Why unemployment benefits for the self-employed may be less than expected
Canada Latest News,Canada Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Self-employed workers applying for unemployment benefits may get less than they think because of how they report income.

Using the net-income formula could result in a big difference in unemployment pay for some self-employed people.

Deducting these costs, which could amount to a lot of money, reduces net income and, by extension, their overall tax burden. But it could also reduce unemployment benefits. Gig workers such as Lyft and Uber drivers are currently organizing with the union through its Mobile Workers Alliance project.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Postpartum sex: Why you don't want it—and why that's OKPostpartum sex: Why you don't want it—and why that's OKA baby changes everything—including, oftentimes, your interest in sex. Still, the goal isn't to get the 'old you' back. It's to figure out who you are now.
Read more »

The ADHD Soul Shine Kit: Build Your Child\u2019s Self EsteemLow self esteem is a common problem among children with ADHD who are corrected, punished, and teased on a daily basis. This five-step plan for parents helps to build confidence and self esteem by exposing your child\u0027s natural talents, creating strong emotional connections, and rewarding effort.
Read more »

The Hauntingly Beautiful Self-Portraits of 'Girls of Isolation'The Hauntingly Beautiful Self-Portraits of 'Girls of Isolation'Olivia Gatwood's 'Girls of Isolation' is an art show for the COVID-19 era.
Read more »

I Use This Self-Tanning Duo for Believably Natural ColorI Use This Self-Tanning Duo for Believably Natural ColorThis self-tanning duo gives the most believable, natural color.
Read more »

The Hauntingly Beautiful Self-Portraits of 'Girls of Isolation'The Hauntingly Beautiful Self-Portraits of 'Girls of Isolation'Olivia Gatwood's 'Girls of Isolation' is an art show for the COVID-19 era.
Read more »



Render Time: 2025-04-02 10:07:21