Originally Posted by
Skyehog
60% of your last year W2 300,000 x 60% = 180,000 divided by 12 = 15,000 of with 5,000 being taxed.
slight clarification . The $5000 company benefit is based upon your monthly guarantee of 72 hours . They will pay you 60% of your monthly guarantee up to $5000.
the employee buy up benefit is predicated in the previous years W2 earnings. You receive 60% of that monthly number up to $15,000 max .
I emailed HR 2 years ago with this exact question. I saved the email response explaining it this way.