Profit Sharing
 

Can somebody help a FNG? I'm looking at my pay statement from the PS check, and it's not the same as the PS election tool and my own calculations say it should be. Somehow, the pre-tax pay is higher, but the take-home is lower. Is anyone else's different then they were expecting or is it just mine?

There was a topic on fb recently about witholdings, and something being wrong with them. Many pilots noticed MUCH more being taken out in taxes than should be. May be worth a look.

My take home was more than I was expecting...

Looks to me like they withheld 33%. Remember, this has nothing to do with or affect your actual tax liability.

Yeah, I understand that. I guess my question isn't so much about the taxes/withholding, but rather, why is the pre-tax payment amount different than what the election tool said it would be?

More than likely it is ALPA dues.

the actual percentage turned out to be 16.7% vs. what the profit sharing tool estimated to be 16.6%.

They withhold 22% of the taxable amount of profit sharing, so it's being taxed as a bonus. Mine was right on. At the very bottom of your paycheck, there is a taxable amount. It shows how amount taxable and the amount taken out for taxes.

After all calculations mine was $150 more than expected.
Gonna tell the wife we got a $150 bonus and that Dinner is on Delta this weekend.

Don’t for get to $ave some of dat money today!

my anthem for the day: https://youtu.be/yvHYWD29ZNY