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black friday pay
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<blockquote data-quote="AKCoverMan" data-source="post: 906399" data-attributes="member: 17867"><p>Quite right.. people over exaggerage how much withholding there is on overtime. I mean, yes, it is a lot, but it does not mean you don't make good money on a working holiday.</p><p></p><p>Example.. top rate of $30/hr.. drove ten hours each day Monday, Tuesday, Wednesday, off Thanksgiving, and off Black Friday. 40 straight hours and 6 time and a half hours. Gross $1470, after taxes (for my example I used single with one exemption) $1113.</p><p></p><p>Now same driver works eight hours on Black Friday. Now gross is $1830 and after tax net is $1358. (Here we get overtime pay for all hours worked on the holiday in addition to the eight hours of straight holiday pay. I understand some locals get double time for hours worked on a holiday.)</p><p></p><p>Those eight hours ended up as $245 more take home pay. Or about $30/hr in real spendable money on your check Friday. The effective tax rate on your hours worked Black Friday is about 33%. The day off may still be worth more to you, I fully can understand. But don't believe it when people tell you the government takes all the overtime and holiday pay so you might as well not work.</p><p></p><p>Of course your numbers (and mileage! <img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" />) will vary based on payrate and filling status. You can run your own examples online I used paycheckcity.com but there are others as well.</p></blockquote><p></p>
[QUOTE="AKCoverMan, post: 906399, member: 17867"] Quite right.. people over exaggerage how much withholding there is on overtime. I mean, yes, it is a lot, but it does not mean you don't make good money on a working holiday. Example.. top rate of $30/hr.. drove ten hours each day Monday, Tuesday, Wednesday, off Thanksgiving, and off Black Friday. 40 straight hours and 6 time and a half hours. Gross $1470, after taxes (for my example I used single with one exemption) $1113. Now same driver works eight hours on Black Friday. Now gross is $1830 and after tax net is $1358. (Here we get overtime pay for all hours worked on the holiday in addition to the eight hours of straight holiday pay. I understand some locals get double time for hours worked on a holiday.) Those eight hours ended up as $245 more take home pay. Or about $30/hr in real spendable money on your check Friday. The effective tax rate on your hours worked Black Friday is about 33%. The day off may still be worth more to you, I fully can understand. But don't believe it when people tell you the government takes all the overtime and holiday pay so you might as well not work. Of course your numbers (and mileage! :happy-very:) will vary based on payrate and filling status. You can run your own examples online I used paycheckcity.com but there are others as well. [/QUOTE]
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