Originally Posted by
DeadHead
Question,
Profit Sharing is determined by your 2010 Eligible Earnings multiplied by 6.5%, now how are they defining Eligible Earnings? (Is that before taxes or after taxes)
Not exactly moonlighting as an accountant or anything, but I'm guessing that the Eligible Earnings is before any taxes are taken out.
Then whatever your Profit Sharing comes to, you will see an typical withholding taken out (taxes, ALPA dues, SS, etc., etc.)
Correct on all accounts.
To estimate your GROSS profit sharing check, my best guess is to add FLT PAY and FLT ADV from your YTD total on your 12/31/10 paycheck, and then multiply that number by 6.5%. Then take out all the taxes, dues, etc. to get your net amount.