; multiplied by (bb) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2020 for calendar year 2016 in subparagraph (A)(ii) thereof. (II) Rounding Any increase determined under subclause (I) shall be rounded to the nearest multiple of $100 in the case of an adjustment of the amount in subsection (a)(1). (D) Earned income In this paragraph, the term earned income has the meaning given that term in section 32(c)(2) of the Internal Revenue Code of 1986. (5) Earnings disregard (A) In general Subject to subparagraph (B), an individual may earn up to 100 percent of the amount of the individual's weekly jobseeker allowance without losing eligibility for the weekly jobseeker allowance. (B) Reduction In the case of an individual who is not receiving regular compensation or extended compensation under any State of Federal law with respect to a week, if the individual's earnings are greater than 1/4 of the amount of the individual's weekly jobseeker allowance (determined after application of paragraphs (2), (3), and (4)) for the week, the amount of the individual's weekly jobseeker allowance (as so determined) for the week shall be reduced by 75 cents for each dollar earned above 1/4 of the amount of the individual's weekly jobseeker allowance (as so determined). (c) Jobseeker allowance account (1) In general A State shall establish, for each eligible individual who files an application for a jobseeker allowance, a jobseeker allowance account. (2) Maximum amount The maximum amount of a jobseeker allowance payable to any individual for whom a jobseeker allowance account is established under paragraph (1) may not exceed the amount established in such account for such individual. (3) Base-tier jobseeker allowance The amount established in an account under paragraph (1) shall be equal to 26 times the amount of the weekly jobseeker allowance (as determined under subsection (b), taking into account the application of