PSA - Ask A Recruiter
01-12-2018, 02:09 PM
#701
Gets Weekends Off
Joined APC: Feb 2007
Posts: 2,484
Originally Posted by chrisreedrules
Quit offering new hires a, “cut” of the bonus YOU get. New hires already make a ton of money (almost as much as a year 3 reserve CA and arguably more than a CA on year 1 reserve pay). They are getting tens of thousands in bonuses already. I made about $22,000 my first year as a regional FO. Now FOs are making closer to $65,000 first year. Keep the bonus. It’s yours.
01-12-2018, 09:53 PM
#702
Gets Weekends Off
Joined APC: Sep 2015
Posts: 152
Don't forget with any bonus there is usually 25 percent taxes taken out off the top. I agree about the referral bonus, how do you split that with the taxes coming out and what if there is a misunderstanding? Only problem is that there is not much motivation on the part of the applicant and the guidelines have to be followed exactly or no bonus.
Last edited by texinc; 01-12-2018 at 09:55 PM. Reason: spelling
01-13-2018, 08:35 AM
#703
Line Holder
Joined APC: Nov 2017
Posts: 55
Originally Posted by texinc
Don't forget with any bonus there is usually 25 percent taxes taken out off the top. I agree about the referral bonus, how do you split that with the taxes coming out and what if there is a misunderstanding? Only problem is that there is not much motivation on the part of the applicant and the guidelines have to be followed exactly or no bonus.
Hopefully he gets the rest back after taxes are done.
01-13-2018, 08:44 AM
#704
Gets Weekends Off
Joined APC: Sep 2014
Posts: 521
Originally Posted by I hate desks
My buddy said he got taxed at just over 39%. I thought that was crazy, because that's way too high. But he showed me he only got ~10k of the $16,765 bonus. His referral bonus was the same story.
Hopefully he gets the rest back after taxes are done.
Hopefully he gets the rest back after taxes are done.
Contrary to popular belief, taxes are NOT taxed at a higher rate than normal. You may pay more in taxes on the bonus, or less - depending if the company uses an aggregate or fixed percentage model, but at the end of the year, it doesn't matter if you were paid all in bonuses or no bonuses at all. It is all taxed the same as income and your overall tax burden for the year is the same.
https://blog.turbotax.intuit.com/inc...-the-irs-8003/
Whether you were given bonuses or the hourly wages are increased, you would pay the same in taxes on the same amount of money made.
Last edited by AboveAndBeyond; 01-13-2018 at 08:58 AM.
01-13-2018, 08:57 AM
#705
Line Holder
Joined APC: Nov 2017
Posts: 55
Originally Posted by AboveAndBeyond
That's probably not too far from the truth. What tax bracket is your friend in (or what did he complete on his paperwork)? Without deductions and with a decent income, Federal taxes alone are 30% or so and plus state taxes and other withholdings.
Contrary to popular belief, taxes are NOT taxed at a higher rate than normal. You may pay more in taxes on the bonus, or less - depending if the company uses an aggregate or fixed percentage model, but at the end of the year, it doesn't matter if you were paid all in bonuses or no bonuses at all. It is all taxed the same as income and your overall tax burden for the year is the same.
https://blog.turbotax.intuit.com/inc...-the-irs-8003/
Contrary to popular belief, taxes are NOT taxed at a higher rate than normal. You may pay more in taxes on the bonus, or less - depending if the company uses an aggregate or fixed percentage model, but at the end of the year, it doesn't matter if you were paid all in bonuses or no bonuses at all. It is all taxed the same as income and your overall tax burden for the year is the same.
https://blog.turbotax.intuit.com/inc...-the-irs-8003/
01-13-2018, 09:00 AM
#707
Gets Weekends Off
Joined APC: Sep 2014
Posts: 521
Originally Posted by I hate desks
That's what I'm suggesting, is that hopefully he gets a refund for the difference after tax returns. If he made 55k this past year, and lived in Charlotte like a lot of our pilots, he should only pay 25% of his total income including state. So taking home just over 41k and change.
01-13-2018, 10:03 AM
#708
Line Holder
Joined APC: Nov 2017
Posts: 55
Originally Posted by AboveAndBeyond
Don't forget another 7.5% for social security and medicare.
12.28% federal
7.65% FICA
4.66% State
Last edited by I hate desks; 01-13-2018 at 10:29 AM.
01-13-2018, 11:39 AM
#709
Gets Weekends Off
Joined APC: Feb 2007
Posts: 2,484
Originally Posted by prfly
What are the guidelines? Just want to ensure my man gets his $$
Beyond that, you then have to pass IOE for your referral to get the first half, then stay 90 days beyond that for him to get the second.
Still willing to submit that for you and answer any questions you've got, either now or in training, if you're still looking.
01-13-2018, 04:59 PM
#710
Gets Weekends Off
Joined APC: Sep 2015
Posts: 152
Originally Posted by TallFlyer
Whoever your referral is has to fill out the form BEFORE you apply, then you have to put his name on your application in the appropriate box.
Beyond that, you then have to pass IOE for your referral to get the first half, then stay 90 days beyond that for him to get the second.
Still willing to submit that for you and answer any questions you've got, either now or in training, if you're still looking.
Beyond that, you then have to pass IOE for your referral to get the first half, then stay 90 days beyond that for him to get the second.
Still willing to submit that for you and answer any questions you've got, either now or in training, if you're still looking.
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