Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Raises and SICK payout...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Fred&#039;s Myth" data-source="post: 4087058" data-attributes="member: 55587"><p>The higher your income (whether from overtime or 'bonus') <u>in any given week</u>, the higher the withholding, because your gross income for that week is extrapolated (assumed to be) for 52 weeks. This temporarily pushes you into a higher tax bracket THAT WEEK. If significant enough, this COULD push your annual income into a higher bracket, affecting subsequent checks. In the end, your overall tax rate will be based on your adjusted gross income.</p></blockquote><p></p>
[QUOTE="Fred's Myth, post: 4087058, member: 55587"] The higher your income (whether from overtime or 'bonus') [U]in any given week[/U], the higher the withholding, because your gross income for that week is extrapolated (assumed to be) for 52 weeks. This temporarily pushes you into a higher tax bracket THAT WEEK. If significant enough, this COULD push your annual income into a higher bracket, affecting subsequent checks. In the end, your overall tax rate will be based on your adjusted gross income. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Raises and SICK payout...
Top