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Unable to see my paychek
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<blockquote data-quote="Bagels" data-source="post: 1239271" data-attributes="member: 43436"><p>It isn't. It's because UPS and ADP have no idea what your tax liability will be, thus your withholdings are based on scales that take into consideration your gross earnings & exemptions. In your situation, your were paid your regular wage + received a cash out for unused time off; UPS/ADP bases your withholdings on the entire amount. For example, if you usually earn $2000 per week, your withholdings will be based on somebody who earns $104,000 per year. But if the cash-out increased your pay to $4000, your withholdings will be based as if you earned $208,000 per year. If you worked one day (and called in the other four, but did not receive sick pay) and earned $400, your withholdings will be treated as if you earn $20,800 per year. This is more-or-less the laziness of the payroll system, although it's universally true (for the most part) of all employers. </p><p></p><p>20% of my annual income is earned in the final 4-5 weeks of the year, and my withholdings those weeks are based as if I make about $80K per year. But I'd be lucky to get to $30K, thus I increase my exemptions, so I pocket more money during the year (why let Uncle Sam get an interest-free loan) and smaller refund check the following year. If my tax liability were calculated Jan-mid Nov, I'd owe a large chunk of change. But I usually get a small amount back, because of year-end withholdings.</p><p></p><p>The good news is that when you file your taxes, and you can do so in just a few weeks, you'll get it back.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1239271, member: 43436"] It isn't. It's because UPS and ADP have no idea what your tax liability will be, thus your withholdings are based on scales that take into consideration your gross earnings & exemptions. In your situation, your were paid your regular wage + received a cash out for unused time off; UPS/ADP bases your withholdings on the entire amount. For example, if you usually earn $2000 per week, your withholdings will be based on somebody who earns $104,000 per year. But if the cash-out increased your pay to $4000, your withholdings will be based as if you earned $208,000 per year. If you worked one day (and called in the other four, but did not receive sick pay) and earned $400, your withholdings will be treated as if you earn $20,800 per year. This is more-or-less the laziness of the payroll system, although it's universally true (for the most part) of all employers. 20% of my annual income is earned in the final 4-5 weeks of the year, and my withholdings those weeks are based as if I make about $80K per year. But I'd be lucky to get to $30K, thus I increase my exemptions, so I pocket more money during the year (why let Uncle Sam get an interest-free loan) and smaller refund check the following year. If my tax liability were calculated Jan-mid Nov, I'd owe a large chunk of change. But I usually get a small amount back, because of year-end withholdings. The good news is that when you file your taxes, and you can do so in just a few weeks, you'll get it back. [/QUOTE]
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