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.
Express Pay Increase?
- Thread starter MassWineGuy
- Start date
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.
falcon back
Well-Known Member
You are not getting taxed at 50% 401k deposit also increased
Cactus
Just telling it like it is
All smoke and mirrors Jethro. He’s glad you fell for it however.
BadLarry238
Your Hero
Yeah, but he owns about $4.6 billion in FedEx stock...
falcon back
Well-Known Member
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.
falcon back
Well-Known Member
That's one of the perks when you start a company. How much Amazon stock does Bezos have?
Never said I was, just sayin after taxes it’s not whole lot more than reg check
fatboy33
Well-Known Member
Does anyone have the complete formula? HR X 2080 and what??
McFeely
Huge Member
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
It will be fine
Well-Known Member
Don’t spend it all in one place.
BadLarry238
Your Hero
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...
falcon back
Well-Known Member
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.
falcon back
Well-Known Member
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.
fatboy33
Well-Known Member
I thought we no longer had access to w2change??
falcon back
Well-Known Member
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.
falcon back
Well-Known Member
This 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.
BadLarry238
Your Hero
...lol
Can’t do that anymore, at least at my station
McFeely
Huge Member
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.
59 Dano
I just want to make friends!
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.
The second problem was that he figured it up wrong. He figured, correctly, that he'd have $X to invest for a year. But he didn't account for the fact that it came in 52 installments, and each installment would be invested for one week less than the prior one.
The third problem was that this guy was a bacha type.
He made a mess the first year and then made a bigger mess the second year by trying to overcome the first year. He was putting it in CDs that didn't earn much. Whatever he made from that was offset by all the IRS fees and penalties he got stuck with. Guy was a real piece of work.
