Any "Latest & Greatest" about Endeavor?
10-04-2017, 03:53 PM
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Joined APC: Jan 2008
Posts: 888
Originally Posted by flyhigh254
For anyone who doesn't understand how bonuses are taxed... Bonuses are withheld at a higher tax rate. This means that a larger amount is taken out of your check when you receive your bonus. HOWEVER... when tax season rolls around, there is no difference between bonus income and regular income. So, if the bonus was withheld at a higher rate than your tax bracket, you will see the difference in rates come back to you. I also misunderstood this for a long time.
Bonus payments are required by law to be withheld at a 25% rate. Nothing Endeavor or anyone else can do about it.
At year end if your marginal rate is 15%... you get the other 10% back.
Not exactly sure how you get 40%...
25% mandatory withholding
6.2% FICA (social security)
1.45% Medicare
2% Alpa.
34.65% bite out of it. You go home with 65%. Maybe the statement was they take 40%, I guess that's close-ish but nothing the company can do anything about.
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10-04-2017, 03:59 PM
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Posts: 2,559
Not quite. Companies have the option of the flat rate 25% or rolling it into regular pay. EDV chooses the 25% method.
Originally Posted by Blueskies21
This.
Bonus payments are required by law to be withheld at a 25% rate. Nothing Endeavor or anyone else can do about it.
Bonus payments are required by law to be withheld at a 25% rate. Nothing Endeavor or anyone else can do about it.
10-04-2017, 04:00 PM
Short bus CA (CR2)
Joined APC: Apr 2007
Posts: 161
Originally Posted by HighFlight
Where on the alpa page is the link to the MEC meeting?
login and its on the front page
10-04-2017, 04:01 PM
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Posts: 2,559
Thanks. Was on the main alpa page. DOH!
Originally Posted by aviationfrk
10-04-2017, 04:04 PM
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Posts: 888
Originally Posted by HighFlight
Not quite. Companies have the option of the flat rate 25% or rolling it into regular pay. EDV chooses the 25% method.
I over simplified. My apologies.
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10-04-2017, 04:06 PM
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Joined APC: Mar 2007
Position: Captain
Posts: 464
Originally Posted by Yumyum
Not true. I know what we are worth.. do you? I've been in the game long enough to know that we have a good opportunity to improve our situation. Giving new hires 20k isn't the answer legend. You want to talk shop? pm me... I'll be happy to educate you.
10-04-2017, 04:12 PM
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Joined APC: Feb 2016
Posts: 2,559
No need to apologize. You are correct about the higher tax margin likelihood.
My main point in responding to the first poster was that at the end of the year, at tax time, it all comes to the exact same number, regardless of the method used. Whether an individual opts to have more withheld throughout the year and get a refund (bad method, IMO), or have less held back and owe the IRS at the end of the year, the taxes one owes will be the same.
All good discussion!
My main point in responding to the first poster was that at the end of the year, at tax time, it all comes to the exact same number, regardless of the method used. Whether an individual opts to have more withheld throughout the year and get a refund (bad method, IMO), or have less held back and owe the IRS at the end of the year, the taxes one owes will be the same.
All good discussion!
Originally Posted by Blueskies21
Absolutely correct on your part but that calculation would in almost every case result in withholding MORE than 25% and would therefore be less advantageous to us.
I over simplified. My apologies.
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I over simplified. My apologies.
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