Retro check amount

[JL 0513]

I am glad to be wrong

Yes, it would be absurd if they taxed our regular pay at bonus rate.

 

[Kirito5.0]

Do nonunion employees also get retro pay? I been at UPS for half a year but only recently joined Teamsters.

 

[The Driver]

Bro, your not suppose to be posting this stuff . Now the wives will know how much money to expect . How we suppose to hide it from them now?!

Wives?

 

[Jackofnotrades]

I expect to lose a chunk to taxes, but i really hope it isn't 50%..

Depends on the state your in. No state income tax here...but still at about 31%

 

[Jackofnotrades]

Do nonunion employees also get retro pay? I been at UPS for half a year but only recently joined Teamsters.

Yes. Anything that was on hold sense August 1st

 

[Jackofnotrades]

No one told me there would be math involved

I specifically took this job to not have to do math..

 

[Two Tokes]

Do nonunion employees also get retro pay? I been at UPS for half a year but only recently joined Teamsters.

Since you joined Yes
RTW is BS
If you are going to work for this company and get Teamster Benefits You really need to pay your Dues Be Aches

 

[Ou812fu]

Simple formula to calculate retro check:

TOTAL INCOME AFTER AUGUST 1 multiplied by .7 divided by straight time hourly wage = Retro check amount

Of course the formula would have to be modified if you were in progression, and would not work for pay gained from grievances, workers comp or disability pay.

There is no need to do the tedious work of figuring out exact amount of straight time and overtime worked since this is already reflected in the total earnings and will be reflected in the back pay using a simple formula:

I made about $64,000 working as a driver since August 1, 2018 at $36.19 per hr.

So $64,000 X $.70 divided by $36.19 = $1,238 gross Retro check so far

Look up your pay back to August on upsers

Okay, this is not right. It doesn't figure out overtime. Math is so simple, but oh so incorrect when done wrong. Straight time is 70 cents overtime is 1.05. Back to the chalk board.

 

[35years]

Okay, this is not right. It doesn't figure out overtime. Math is so simple, but oh so incorrect when done wrong. Straight time is 70 cents overtime is 1.05. Back to the chalk board.

You are incorect.

It does figure out OT. Your OT is reflected in your total income and as a result is also reflected in the sum of the equation (retro check amount). The equation is sound.

If you read the whole thread perhaps you will understand.

 

[35years]

Let's run UPSchuck's example with a different amount of OT... 8 hrs regular and 4 hour OT.

Say I worked 12 hours in 1 day, so 8 straight and 4 OT.

My pay would be $506.66

Retro pay

Your way
8hr * .70 = 5.6
4hr * 1.05 = 4.20
Total = $9.80

The other way
$506.66 * .70 / 36.19 = $9.80

Exactly the same.

The equation gives a result (retro pay amount) that reflects OT because it uses TOTAL pay which already reflects OT. It also reflects any double time / holiday and or vacation pay.

 

[Ou812fu]

You are incorect.

It does figure out OT. Your OT is reflected in your total income and as a result is also reflected in the sum of the equation (retro check amount). The equation is sound.

If you read the whole thread perhaps you will understand.

No it doesn't. Trust me on just 76000. Your way, you'll be 10 to 15 dollars short. But if that is how you want to figure yours out. Go right ahead. Put in a much larger overtime figure and watch your equation not work.

 

[CoffeeStainedUniform]

Example of progression canculation:

$19.50-$23.00 rate A= $3.50 +$1.75 for OT
$21.00-$24.00 rate B= $3.00+$$1.50 for OT

Retro A: 411.07 hours (67.24OT)
(411.07*$3.50)+(67.24*$1.75)= $1556.41

Retro B: 1466.93 hours (292.84OT)
(1466.93*$3.00)+(292.84*$1.50)=$4,840.05

Total=$6,396.46

Lots of ways to calculate the taxes. I would love to see a stub from last time but I don't know this number:

Tax Possibility*:
(Note, they could calculate federal takes in a number of ways...if they 'take more' or less than they should then you would fix the error during tax season)

Bonus Fed Tax Rate 25%, FICA&FICA MED 7.65% State: (mine is low) 2.27% TotalTax =34.92% Government keeps 34.92% you keep the other 65.08% (34.92+65.08=100%)

$6,396.46* 65.08%=
$4,162.81 take home pay

 

[MuricaMan01]

Just added mine up. Just shy of 12k gross

 

[yadadamean116]

There’s a difference between tax withholding and taxes due.
Just like when people say screw overtime after a certain amount, “it’s taxed higher”. No

 

[1989]

Just added mine up. Just shy of 12k gross

Tax man likey

 

[Jkloc420]

reto will be taxed different

 

[clean hairy]

The company will figure it out for you...

The company would NEVER make a "mistake" to short the employees!

 

[clean hairy]

I specifically took this job to not have to do work..

Fixed it!

 

[IVE GOTTA PACKAGE 4U]

The company would NEVER make a "mistake" to short the employees!

Absolutely












Not ..

 

[Jkloc420]

Absolutely












Not ..

they always tax bonus money double