Here's How to Calculate Your Stimulus Check Payout

Over the past two months we've witnessed unprecedented disruption to the stock market, U.S. economy, and the labor market because of the proliferation of the coronavirus disease 2019 ( COVID-19). In the wake of mitigation measures designed to slow the transmission of COVID-19, a whopping 22 million people have claimed initial unemployment benefits in just a four-week span. It's this disruption that prompted Congress to pass and President Trump to sign the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law exactly one month ago today (March 27, 2020).

The $2.2 trillion CARES Act is the largest fiscal stimulus package in history. It set aside $500 billion for distressed industries, close to $350 billion in small business loans, and $260 billion to expand the unemployment program for four months.

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