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
Brown Cafe UPS Forum
UPS Discussions
Retro check amount
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="CoffeeStainedUniform" data-source="post: 4051577" data-attributes="member: 73423"><p>Example of progression canculation:</p><p></p><p>$19.50-$23.00 rate A= $3.50 +$1.75 for OT</p><p>$21.00-$24.00 rate B= $3.00+$$1.50 for OT</p><p></p><p>Retro A: 411.07 hours (67.24OT)</p><p>(411.07*$3.50)+(67.24*$1.75)= $1556.41</p><p></p><p>Retro B: 1466.93 hours (292.84OT)</p><p>(1466.93*$3.00)+(292.84*$1.50)=$4,840.05</p><p></p><p>Total=$6,396.46</p><p></p><p>Lots of ways to calculate the taxes. I would love to see a stub from last time but I don't know this number:</p><p></p><p>Tax Possibility*:</p><p>(Note, they could calculate federal takes in a number of ways...if they 'take more' or less than they should then you would fix the error during tax season)</p><p></p><p>Bonus Fed Tax Rate 25%, FICA&FICA MED 7.65% State: (mine is low) 2.27% TotalTax =34.92% Government keeps 34.92% you keep the other 65.08% (34.92+65.08=100%)</p><p></p><p>$6,396.46* 65.08%= </p><p>$4,162.81 take home pay</p></blockquote><p></p>
[QUOTE="CoffeeStainedUniform, post: 4051577, member: 73423"] Example of progression canculation: $19.50-$23.00 rate A= $3.50 +$1.75 for OT $21.00-$24.00 rate B= $3.00+$$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 [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Retro check amount
Top