Timecard for last week updated. No double time for black friday?

[bottomups]

The first part true. Exactly what I said taxed more. The second part partially true. The extra money might push you into the bottom of the next tax bracket .

Withheld at a higher rate. Not taxed at a higher rate.
When bumped into a higher bracket, only the income over the lower bracket limits gets taxed at the higher rate. They don't go back and tax all income at the higher rate.

 

[bottomups]

So explain to me why. When ups cuts a green check. Why is it taxed different then a regular check?

Withholding tables assume you are getting the higher income every pay period instead of just that one week.
If you want to be anal about withholding you can always change your W4 exemptions on the weeks you get a large bump in pay.

 

[Ou812fu]

Withheld at a higher rate. Not taxed at a higher rate.
When bumped into a higher bracket, only the income over the lower bracket limits gets taxed at the higher rate. They don't go back and tax all income at the higher rate.

Look at last week's check. Divide all taxes taken out by the gross pay. Times it by 100. I bet that percentage will be higher then the paycheck you got the week before that..

 

[bottomups]

Look at last week's check. Divide all taxes taken out by the gross pay. Times it by 100. I bet that percentage will be higher then the paycheck you got the week before that..

I don't get paychecks anymore.
Was forced to take an RMD of $60,000 out of an inherited 403b this year and will be bumped into a higher tax bracket as a result, but not all that extra income will be taxed at the higher rate.

 

[Ou812fu]

I don't get paychecks anymore.
Was forced to take an RMD of $60,000 out of an inherited 403b this year and will be bumped into a higher tax bracket as a result, but not all that extra income will be taxed at the higher rate.

Forgot you were retired.. anyways anyone in here that thinks that working day after thanksgiving is taxed the same. All you have to do is compare weeks.

 

[bottomups]

Forgot you were retired.. anyways anyone in here that thinks that working day after thanksgiving is taxed the same. All you have to do is compare weeks.

2022 Married Filing Jointly Tax Brackets​

If taxable income is:	The tax due is:
Not over $20,550	10% of the taxable income
Over $20,550 but not over $83,550	$2,055 plus 12% of the excess over $20,550
Over $83,550 but not over $178,150	$9,615 plus 22% of the excess over $83,550
Over $178,150 but not over $340,100	$30,427 plus 24% of the excess over $178,150
Over $340,100 but not over $431,900	$69,295 plus 32% of the excess over $340,100
Over $431,900 but not over $647,850	$98,671 plus 35% of the excess over $431,900
Over $647,850	$174,253.50 plus 37% of the excess over $647,850

Look at the tax brackets. Most UPSers are not going to be bumped into a higher bracket with a bump in pay for Thanksgiving week.

 

[I have been lurking]

I bet if the teamsters authorized a strike the runner/gunners would still beg to come in and run off stops ..

They can preload

 

[Ou812fu]

2022 Married Filing Jointly Tax Brackets​

If taxable income is:	The tax due is:
Not over $20,550	10% of the taxable income
Over $20,550 but not over $83,550	$2,055 plus 12% of the excess over $20,550
Over $83,550 but not over $178,150	$9,615 plus 22% of the excess over $83,550
Over $178,150 but not over $340,100	$30,427 plus 24% of the excess over $178,150
Over $340,100 but not over $431,900	$69,295 plus 32% of the excess over $340,100
Over $431,900 but not over $647,850	$98,671 plus 35% of the excess over $431,900
Over $647,850	$174,253.50 plus 37% of the excess over $647,850

Look at the tax brackets. Most UPSers are not going to be bumped into a higher bracket with a bump in pay for Thanksgiving week.

None of that matters. I'm talking about what they take out of your check.

 

[bottomups]

None of that matters. I'm talking about what they take out of your check.

You said it was taxed different and that is not true in most cases. Just withheld at a higher rate for that week.

 

[Ou812fu]

You said it was taxed different and that is not true in most cases. Just withheld at a higher rate for that week.

It is taxed different. If you got the checks you'd see.

 

[Ou812fu]

2022 Married Filing Jointly Tax Brackets​

If taxable income is:	The tax due is:
Not over $20,550	10% of the taxable income
Over $20,550 but not over $83,550	$2,055 plus 12% of the excess over $20,550
Over $83,550 but not over $178,150	$9,615 plus 22% of the excess over $83,550
Over $178,150 but not over $340,100	$30,427 plus 24% of the excess over $178,150
Over $340,100 but not over $431,900	$69,295 plus 32% of the excess over $340,100
Over $431,900 but not over $647,850	$98,671 plus 35% of the excess over $431,900
Over $647,850	$174,253.50 plus 37% of the excess over $647,850

Look at the tax brackets. Most UPSers are not going to be bumped into a higher bracket with a bump in pay for Thanksgiving week.

This looks way more detailed than what you just showed. Bankrate.com. lol..

Irs numbers..

Adobe Acrobat

acrobat.adobe.com

Brackets seem to change every thousand dollars..

 

[GrievanceKing]

It seems some people randomly weren't paid double time, but more were.

 

[joedirt19]