Nevada § 612.340 - Amount of weekly benefit

§ 612.340. Amount of weekly benefit

1. A person's weekly benefit amount is an amount equal to one twenty-fifth of the

person’s total wages for employment by employers during the quarter of the person’s

base period in which the total wages were highest, but not less than $16 per week,

nor more than the maximum weekly benefit amount determined as follows: On or before

the first day of July of each year, the total wages reported for the preceding calendar

year by employers subject to the provisions of this chapter must be divided by the

average of the 12 midmonth totals of all workers in employment for employers as reported

in that year. The average annual wage thus obtained must be divided by 52 and the average weekly

wage thus determined must be rounded to the nearest cent. Fifty percent of that average

weekly wage, rounded to the nearest lower multiple of $1, if not a multiple of $1,

constitutes the maximum weekly benefit amount. In making this calculation, any tips which were included in reported wages must be

excluded. 2. The maximum weekly benefit amount as determined on or before July 1 of each year

must be paid to persons whose benefit year commences on or after July 1 of that year

and before July 1 of the following year.