Originally Posted by
krudawg
Yes I get that but was responding to the post about combining profit sharing into regular earnings paid out March 1. The IRS is going to get their take no matter when you get - separate check or combined
Absolutely.
The only question is where their money comes from. From the PS if deferral is less than about 65% or from normal pay if more than that.
I am sure there are many that didn't read the email and will be shocked at a smaller than usual paycheck
Would hate to make odds on payroll doing this correctly. This will include two different tax rates, 3 PRAP contribution sources and a potential reconciliation of past LTD premium and imputed income issues, not to mention the new pay rates and new LTD rates.