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Brown Cafe UPS Forum
UPS Retirement Topics
UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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<blockquote data-quote="Benben" data-source="post: 1118057" data-attributes="member: 25133"><p><strong>Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20</strong></p><p></p><p></p><p></p><p>I didn't think there was a difference is tax rate for regular pay vs. overtime <strong>percentage</strong> wise and did not know there was an 8 OT hour "threshold".?.? </p><p></p><p>Bonus is slightly different. I have to keep reminding my fellow drivers who grumble about this. Any bonus paid is taxed at 35% at the time of pay. When you do your taxes you get back the difference between the 35% and what your individual rate is (17% in my case.) I get bonus at least once a week claim 1+ my actual deductions and still get a nice check back from the Fed every year.</p></blockquote><p></p>
[QUOTE="Benben, post: 1118057, member: 25133"] [b]Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20[/b] I didn't think there was a difference is tax rate for regular pay vs. overtime [B]percentage[/B] wise and did not know there was an 8 OT hour "threshold".?.? Bonus is slightly different. I have to keep reminding my fellow drivers who grumble about this. Any bonus paid is taxed at 35% at the time of pay. When you do your taxes you get back the difference between the 35% and what your individual rate is (17% in my case.) I get bonus at least once a week claim 1+ my actual deductions and still get a nice check back from the Fed every year. [/QUOTE]
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UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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