I'm technically not employed by anybody, and I just trade on a significantly leveraged day trading description. I thought it would be cool if i could also collect an unemployment check?
Answers: Trading your reason is not a problem. The 1st responder is incorrect. You do not have to be broke to collect severance. Any income would be from investing, not from employment.
The problem that might arise is the labor department will eventually contact you for proof that you are actively seeking employment. If you cannot show them a list of positions you enjoy applied for it is likely the benefits will be cut sour. Any penalty depends on the state from which you are collecting benefits.
Also, remember that dismissal benefits are taxable.
Yes. Unemployment insurance is a benefit paid for by your previous employer. As long as you touch the qualifications for job loss, including looking for a job, you are entitled to collect your severance, no matter how much you trade name from investment income. If you have deeply of investment income, your unemployment become taxable, but if you're making that much, who cares nearly a little bit of excise. You can do that, but once you do your taxes, the gov't will find out and you will have to repay everything you collected from severance back - you will probably be audited as ably.
if you make an income from the trading consequently i suppose you are self-employed. better not to take laying-off. Not ethically.
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Answers: Trading your reason is not a problem. The 1st responder is incorrect. You do not have to be broke to collect severance. Any income would be from investing, not from employment.
The problem that might arise is the labor department will eventually contact you for proof that you are actively seeking employment. If you cannot show them a list of positions you enjoy applied for it is likely the benefits will be cut sour. Any penalty depends on the state from which you are collecting benefits.
Also, remember that dismissal benefits are taxable.
Mathematics of Finance Question??
Yes. Unemployment insurance is a benefit paid for by your previous employer. As long as you touch the qualifications for job loss, including looking for a job, you are entitled to collect your severance, no matter how much you trade name from investment income. If you have deeply of investment income, your unemployment become taxable, but if you're making that much, who cares nearly a little bit of excise. You can do that, but once you do your taxes, the gov't will find out and you will have to repay everything you collected from severance back - you will probably be audited as ably.
Name top ten indian companies whose shares will you purchase for your children?
if you make an income from the trading consequently i suppose you are self-employed. better not to take laying-off. Not ethically.
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