Retro/bonus
12-16-2015 | 03:12 PM
#21
"blue collar thug"!
Joined: Nov 2006
Posts: 1,614
Likes: 0
From: A proponent of...
Living in VA also; and I thought/was waiting for another check just for the 15th amount. The deposit that was made was quite less than the retro amount.
I wonder if 2 deposits were made instead of one, would the tax bracket have been that much less, therefore getting a little more take home.
I wonder if 2 deposits were made instead of one, would the tax bracket have been that much less, therefore getting a little more take home.
12-16-2015 | 04:37 PM
#23
Gets Weekends Off
Joined: May 2013
Posts: 360
Likes: 0
I don't feel guilty either. And I'd be happy to get even more. But in the meantime, I'm actually enjoying life with what I've got. Living in this country, with our incomes, you almost have to put more effort into making yourself miserable than you do to have fun. But to each his own.
Rock you're a reasonable guy and poster. That plus I'm not the usual fly off the handle get ****ed about everything type internet poster that we have far too much of (in general, not just here). So I have no interest in getting in a ****ing contest.
You made a post related to feeling guilty for the money we make. I don't. That doesn't mean I'm miserable or in any way unhappy. In fact quite the opposite. You won't find a happier guy with my life or job. I know many of my fellow pilots who are just the same. Doesn't mean I/we agree with getting paid marginally less throughout the years to do the same job, or not getting full back pay.
12-16-2015 | 04:43 PM
#25
Gets Weekends Off
Joined: May 2013
Posts: 360
Likes: 0
Living in VA also; and I thought/was waiting for another check just for the 15th amount. The deposit that was made was quite less than the retro amount.
I wonder if 2 deposits were made instead of one, would the tax bracket have been that much less, therefore getting a little more take home.
I wonder if 2 deposits were made instead of one, would the tax bracket have been that much less, therefore getting a little more take home.
It was exactly the 55% they said it would be.
For the second part, no idea.
12-16-2015 | 05:17 PM
#26
Gets Weekends Off
Joined: Apr 2007
Posts: 564
Likes: 0
From: B777
Living in VA also; and I thought/was waiting for another check just for the 15th amount. The deposit that was made was quite less than the retro amount.
I wonder if 2 deposits were made instead of one, would the tax bracket have been that much less, therefore getting a little more take home.
I wonder if 2 deposits were made instead of one, would the tax bracket have been that much less, therefore getting a little more take home.
The real reason it looks smaller than a normal paycheck of the same gross amount is due to the federal withholding rate. FedEx, like most companies, considers things like signing bonus, vacation buy back, and other non-paycheck payments as supplemental payments for tax purposes. They apply a flat 25% withholding rate
to the amount left after pre-tax items are deducted (401k, etc) aka federal taxable wages.
12-16-2015 | 06:46 PM
#27
Line Holder
Joined: Jan 2007
Posts: 1,201
Likes: 0
The invitation to avoid a ****ing contest is happily accepted. Life is too short. And .0003% of my net bonus check is reserved in your name to buy you a beer if we ever randomly run into each other with name tags emblazoned with our APC pseudonyms.
12-16-2015 | 06:58 PM
#28
Gets Weekends Off
Joined: Nov 2013
Posts: 2,756
Likes: 0
12-16-2015 | 10:27 PM
#29
New Hire
Joined: Apr 2015
Posts: 7
Likes: 0
From: 767 F/O
Answer: Not really.
The real reason it looks smaller than a normal paycheck of the same gross amount is due to the federal withholding rate. FedEx, like most companies, considers things like signing bonus, vacation buy back, and other non-paycheck payments as supplemental payments for tax purposes. They apply a flat 25% withholding rate to the amount left after pre-tax items are deducted (401k, etc) aka federal taxable wages.
The real reason it looks smaller than a normal paycheck of the same gross amount is due to the federal withholding rate. FedEx, like most companies, considers things like signing bonus, vacation buy back, and other non-paycheck payments as supplemental payments for tax purposes. They apply a flat 25% withholding rate
to the amount left after pre-tax items are deducted (401k, etc) aka federal taxable wages.
12-17-2015 | 03:01 AM
#30
Gets Weekends Off
Joined: Jul 2007
Posts: 3,203
Likes: 0
From: Gear Monkey
