The maximum total amount of benefits payable to any individual during any benefit year shall be determined from the “Benefit Table” shown in § 60.2-602 but shall not exceed twenty-six times such individual’s weekly benefit amount, except when benefits are paid pursuant to the provisions of § 60.2-610 or § 60.2-611. Such determination shall be based only upon wages paid for insured work during such individual’s base period. The Commission shall maintain a separate account for each individual who is paid wages for insured work. After the expiration of each calendar quarter the Commission shall credit each individual’s account with the wages paid to him for insured work in such calendar quarter.