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Old 01-09-2016, 02:41 PM
  #41  
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Default Estimated Earnings Not Accurate?

Originally Posted by Big E 757 View Post
The quarter is closed out, they have a good idea of where our earnings are going to be. I would bet, though, that they estimated 4Q earnings using the street estimates so as not to give anything away. It could be a little higher. It could be a little lower.
I view the posted estimates simply as a tool for pilots to utilize when considering elections. It clearly states "21 percent," which is a round number that's been tossed around for some time. Clearly Q4 results have not been precisely included. I came up with an estimate of my own using the 12/31 paycheck and 21 percent.

I see a potential error with my posted estimate. My "Estimated Earnings" are very close to $10,000 low, when compared to the 12/31 paycheck, and the "2015 Pay Details" posted on the ESS page (one box to the right of Profit Sharing Special Election area). Hence, the PS payout estimate is about $2000 less than I would anticipate, assuming 21 percent of earnings. Yes, the PS paid out in February is backed out of the number I believe to be my true 2015 earnings. Has anybody else notice such a discrepancy?
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Old 01-09-2016, 04:58 PM
  #42  
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JV settlement isn't counted either.
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Old 01-09-2016, 06:06 PM
  #43  
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Originally Posted by notEnuf View Post
JV settlement isn't counted either.
I failed to grasp that detail. Like our JV scope wasn't a compensation for missed wage opportunities? How convenient to count it as something else.

Anyhow, plug my $2344.54 JV settlement in the formula. I'm still nearly eight grand shy. What else should I be tossing out of "gross earnings" (paycheck) or "wages" (ESS page) to use as a baseline for calculating profit sharing?
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Old 01-09-2016, 06:21 PM
  #44  
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Does anyone have a good wag on how much Uncle Sam will take out of these numbers?
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Old 01-09-2016, 06:30 PM
  #45  
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Originally Posted by Wmuav8r View Post
Does anyone have a good wag on how much Uncle Sam will take out of these numbers?
Normal withholding is right around 50%.... you'll see what he doesn't keep ~ April 2017.
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Old 01-09-2016, 06:56 PM
  #46  
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Originally Posted by zippinbye View Post
I failed to grasp that detail. Like our JV scope wasn't a compensation for missed wage opportunities? How convenient to count it as something else.

Anyhow, plug my $2344.54 JV settlement in the formula. I'm still nearly eight grand shy. What else should I be tossing out of "gross earnings" (paycheck) or "wages" (ESS page) to use as a baseline for calculating profit sharing?
The only way I could get to the company number was to subtract:

1) Last years profit sharing
2) The joint venture settlement
3) Per diem
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Old 01-09-2016, 07:24 PM
  #47  
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Isn't the formula just flight pay+ flight advance? That's all, I think.
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Old 01-09-2016, 10:01 PM
  #48  
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Originally Posted by 80ktsClamp View Post
Isn't the formula just flight pay+ flight advance? That's all, I think.
Ya... It is. I just double checked my numbers with what's on the Self Service page.
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Old 01-10-2016, 05:39 AM
  #49  
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Originally Posted by zippinbye View Post
I failed to grasp that detail. Like our JV scope wasn't a compensation for missed wage opportunities? How convenient to count it as something else.

Anyhow, plug my $2344.54 JV settlement in the formula. I'm still nearly eight grand shy. What else should I be tossing out of "gross earnings" (paycheck) or "wages" (ESS page) to use as a baseline for calculating profit sharing?
Tossed out?..... toss everything..... but flight pay and flight advance pay
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Old 01-10-2016, 07:11 AM
  #50  
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Yes, just add FLT PAY and FLT PAY ADVANCE to get the number you need. PS isn't paid on anything else. Unless you're a new hire. Then add in REGULAR pay too. That's it.


Just an observation, but how come we seem to have these same posts every year from guys who aren't new hires? How long has the company been paying out PS? It hasn't changed since day one. I would think if you've been here more than a year, you'd be familiar with how it works.
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