Brownslave688
You want a toe? I can get you a toe.
BoomIt's different for off the street hires.
BoomIt's different for off the street hires.
You say it like making money is stupid.Enjoy that 3K. Uncle Sam thanks you
I too am over 6K and I expect to lose half to taxes, oh well. It would have better to get the raise in August instead of this retro pay, but it is what it is.Enjoy that 3K. Uncle Sam thanks you
Crank up that 401k .give it to yourself, not Uncle SamI too am over 6K and I expect to lose half to taxes, oh well. It would have better to get the raise in August instead of this retro pay, but it is what it is.
DAMN IT, why didn't I think of that before! Thanks for the tip.Crank up that 401k .give it to yourself, not Uncle Sam
It adds up over the years.DAMN IT, why didn't I think of that before! Thanks for the tip.
They are paid as a bonus I believe so it will probably be at least 40%I expect to lose a chunk to taxes, but i really hope it isn't 50%..
Who cares!! YOU!! the one who run your lunch!!!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
YesDoes anyone know if they take a 401k contribution out of the retro check?
No. It's paid at whatever your normal tax rate is. Go back and look at your May 27, 2014 paycheck. That is your retro checkThey are paid as a bonus I believe so it will probably be at least 40%
Just checked online this is correct, I looked a second time to verify that was the retro from the last contract.No. It's paid at whatever your normal tax rate is. Go back and look at your May 27, 2014 paycheck. That is your retro check
What about overtime at $1.05 per hour?