You in a 50% tax bracket?
Not gonna argue about it but last bonus was 1k added to regular pay for the week so after taxes,yes on the whole check, you could barely tell we got a bonus.
You in a 50% tax bracket?
You are not getting taxed at 50% 401k deposit also increasedNot gonna argue about it but last bonus was 1k added to regular pay for the week so after taxes,yes on the whole check, you could barely tell we got a bonus.
All smoke and mirrors Jethro. He’s glad you fell for it however.Fred took a 91% paycut. He made about what a Sr. Manager would make.
Yeah, but he owns about $4.6 billion in FedEx stock...Fred took a 91% paycut. He made about what a Sr. Manager would make.
Doesn't matter to me, I am happily retired and have no stock in the company. As long as my pension is there in 5 years, I am happy and content.All smoke and mirrors Jethro. He’s glad you fell for it however.
That's one of the perks when you start a company. How much Amazon stock does Bezos have?Yeah, but he owns about $4.6 billion in FedEx stock...
Never said I was, just sayin after taxes it’s not whole lot more than reg checkYou are not getting taxed at 50% 401k deposit also increased
Does anyone have the complete formula? HR X 2080 and what??
2080 hours x $HR x 2%Does anyone have the complete formula? HR X 2080 and what??
Don’t spend it all in one place.2080 hours x $HR x 2%
Top of range in my area would be 2080 x $29.58 x .02 = $1230 before taxes and other withholding
His so called paycut was just for show. As long as his shares are worth $250 or more a share, he's sitting pretty.That's one of the perks when you start a company. How much Amazon stock does Bezos have?
Instead of complaining about what others have, why don't you start a business and have it grow to Fortune 500 status and you can become a billionaire. Sounds simple enough.His so called paycut was just for show. As long as his shares are worth $250 or more a share, he's sitting pretty.
Bezos could probably buy Greece...
Still should be $600 to $700 or more on your check. Not sure how you can say it won't be much more than regular. 22% taxes, a little more in FICA, little more in 401k, depending on your contribution. Just do like a lot of fools did where I worked. They would raise their deduction for weekly taxes where they would bring more home on weeks with bonuses or sold vacation.Never said I was, just sayin after taxes it’s not whole lot more than reg check
I thought we no longer had access to w2change??Still should be $600 to $700 or more on your check. Not sure how you can say it won't be much more than regular. 22% taxes, a little more in FICA, little more in 401k, depending on your contribution. Just do like a lot of fools did where I worked. They would raise their deduction for weekly taxes where they would bring more home on weeks with bonuses or sold vacation.
Don't ask me. I have been gone a while. I know people made those changes several years ago. No idea if they still do or not. It was odd that people would do that but to each his own.I thought we no longer has access to w2change??
...lolThis place is better than the comics in the morning paper. Besides, I can only play so much golf and fish and the weather has been too bad to do much outside anyways.
Can’t do that anymore, at least at my stationStill should be $600 to $700 or more on your check. Not sure how you can say it won't be much more than regular. 22% taxes, a little more in FICA, little more in 401k, depending on your contribution. Just do like a lot of fools did where I worked. They would raise their deduction for weekly taxes where they would bring more home on weeks with bonuses or sold vacation.
Can’t do that anymore, at least at my station
I worked with a guy who read somewhere about some other guy who would do that, invest the money, then pay whatever he owed when he filed. "It's a free loan that I can use to invest." There were a few problems, the main one being that the guy he read about had such a ridiculously huge income that even a smaller rate of return would be a nice chunk of money.I adjusted my withholding this year twice already, but not for reasons of bonuses, etc. The new W4 form is much more cumbersome than the old way of just claiming 99 dependents though.