The first 4 quarters of the last 5 completed calendar quarters in the previous year is the base period for which benefit?

Question

Quizplus · Accepted Answer

The base period for unemployment insurance benefits is generally the first 4 of the last 5 completed calendar quarters in the previous year. In contrast, OASDI (Social Security) and Medicare Part A are federal programs that provide retirement and healthcare benefits, respectively, and have different eligibility criteria and benefit calculation methods. Workers' compensation is a state-run program that provides benefits to employees who are injured or become ill as a result of their job, and its base period may vary depending on state laws.

The First 4 Quarters of the Last 5 Completed Calendar