57K Bonus
08-26-2018 | 03:58 PM
#2
Gets Weekends Off
Joined: Sep 2016
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Not sure where 57k came from.
08-26-2018 | 04:05 PM
#3
On Reserve
Joined: Nov 2012
Posts: 13
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It’s 5k day one, 26k after OE, 10K after one year. As far as what you’ll get after taxes that varies based on state and benefits. Contrary to what 90% of pilots acting as amateur accountants might think bonuses aren’t taxed at a higher rate than regular income. However, they may be withheld at a higher rate. Rough guesstimate is about 3k on your first, 16k on the second and 6k on your last.
Not sure where 57k came from.
Not sure where 57k came from.
08-26-2018 | 04:28 PM
#4
Thread Starter
Gets Weekends Off
Joined: May 2016
Posts: 178
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It’s 5k day one, 26k after OE, 10K after one year. As far as what you’ll get after taxes that varies based on state and benefits. Contrary to what 90% of pilots acting as amateur accountants might think bonuses aren’t taxed at a higher rate than regular income. However, they may be withheld at a higher rate. Rough guesstimate is about 3k on your first, 16k on the second and 6k on your last.
Not sure where 57k came from.
Not sure where 57k came from.
I was just wondering if AW took out part of the sign on, besides the taxes that will be coming out, like Republic does if you show up with 1,400. If anyone at AW has shown up with 1,400/1,450 to training needing the 1,500 could share their experience would appreciate their input. Thanks.
08-26-2018 | 04:58 PM
#5
Gets Weekends Off
Joined: Sep 2016
Posts: 1,957
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“Eligible for up to $57,000 in sign on and retention”....okay yea, I miss quoted and lumped it all together. My bad. Appreciate it.
I was just wondering if AW took out part of the sign on, besides the taxes that will be coming out, like Republic does if you show up with 1,400. If anyone at AW has shown up with 1,400/1,450 to training needing the 1,500 could share their experience would appreciate their input. Thanks.
I was just wondering if AW took out part of the sign on, besides the taxes that will be coming out, like Republic does if you show up with 1,400. If anyone at AW has shown up with 1,400/1,450 to training needing the 1,500 could share their experience would appreciate their input. Thanks.
08-26-2018 | 06:01 PM
#6
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Gets Weekends Off
Joined: May 2016
Posts: 178
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Republic does that because they pay for you to fly around until you hit ATP mins from there. I don’t think you can show up to class that short. You might get 50 hours in the sim (not sure if that can count or not, been awhile since I looked.). But I hadn’t heard of them giving more hours of sim time to anyone just so they could meet ATP mins.
I went to the AW website and did the “hours calculator” they have. When I took the results of “time left” and added it to my TT the sum was 1,400 and that’s with 50hrs of sim already from a 142 included in the hours I gave. Just trying to figure out if AW does something similar, to Republic, in terms of reducing the sign on and if so by how much is it reduced, because someone has to pay for the additional training right? Ha. 🤷*♂️
08-27-2018 | 01:10 PM
#7
Line Holder
Joined: Sep 2017
Posts: 52
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It’s 5k day one, 26k after OE, 10K after one year. As far as what you’ll get after taxes that varies based on state and benefits. Contrary to what 90% of pilots acting as amateur accountants might think bonuses aren’t taxed at a higher rate than regular income. However, they may be withheld at a higher rate. Rough guesstimate is about 3k on your first, 16k on the second and 6k on your last.
Not sure where 57k came from.
Not sure where 57k came from.
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