Originally Posted by
Foulwx
Sounds right. Actually, either method gives the same result. I'm still not sure whether I'll have to subtract the Jan 15, 2015 paycheck out first though. Time will tell.
You do have to subtract the 15 Jan paycheck. The raise is for 2016 and the 15 Jan check is for work done in Dec 15. For the same reason you won't see the 3% raise for 2017 until the 15 Feb paycheck.