Skywest
01-14-2014 | 08:42 PM
#3911
Gets Weekends Off
Joined: Jun 2013
Posts: 2,293
Likes: 0
What happened to giving it a rest?
Someone gave me a peek at the expressjet pilot forums today. The difference in the vibe over there speaks volumes.
Someone gave me a peek at the expressjet pilot forums today. The difference in the vibe over there speaks volumes.
01-15-2014 | 01:07 AM
#3912
Gets Weekends Off
Joined: Feb 2006
Posts: 2,300
Likes: 0
From: Seat 0B
Hey folks, I'm married and also have an enrolled friend. Can someone explain how imputed income works? Thanks.
01-15-2014 | 03:42 AM
#3913
Gets Weekends Off
Joined: Jul 2008
Posts: 246
Likes: 0
From: Reverse cowgirl
Example...
LAX-ORD-LAX = $400 "value", add that to your taxable income column and pay income tax on it, 10% bracket? That trip will cost you $40. 15%? $60, FO with children? If you pay no income tax, pay nothing!
01-15-2014 | 06:09 AM
#3914
Gets Weekends Off
Joined: Feb 2006
Posts: 2,300
Likes: 0
From: Seat 0B
Every time your enrolled friend flys a fare is calculated based on the "value" of that flight and sent to payroll, that "value" is then added to your taxable income line of your paycheck and you are essentially paying income tax on that flight.
Example...
LAX-ORD-LAX = $400 "value", add that to your taxable income column and pay income tax on it, 10% bracket? That trip will cost you $40. 15%? $60, FO with children? If you pay no income tax, pay nothing!
Example...
LAX-ORD-LAX = $400 "value", add that to your taxable income column and pay income tax on it, 10% bracket? That trip will cost you $40. 15%? $60, FO with children? If you pay no income tax, pay nothing!
01-15-2014 | 06:14 AM
#3915
Dumb Pilot
Joined: Apr 2013
Posts: 784
Likes: 0
From: Broke
I had a trip that was $150. They put the trip in my earnings for the two week period so it looked like I made that much more. Then they take taxes and all the good stuff out and the $150 they put in there.
01-15-2014 | 06:21 AM
#3916
Gets Weekends Off
Joined: Feb 2006
Posts: 2,300
Likes: 0
From: Seat 0B
You will see it show up under income so it goes in your gross income. Then the deduct it after tax. It happens a couple pay checks after the travel.
I had a trip that was $150. They put the trip in my earnings for the two week period so it looked like I made that much more. Then they take taxes and all the good stuff out and the $150 they put in there.
I had a trip that was $150. They put the trip in my earnings for the two week period so it looked like I made that much more. Then they take taxes and all the good stuff out and the $150 they put in there.
01-15-2014 | 07:04 AM
#3917
Respek
Joined: Jul 2010
Posts: 2,915
Likes: 62
What flight benefits is this for? Like a specific carrier?
01-15-2014 | 09:01 AM
#3919
Gets Weekends Off
Joined: Jul 2008
Posts: 246
Likes: 0
From: Reverse cowgirl
It is payroll deducted in the form of income taxes withheld.
Lets say you earned $2,000 for the paycheck, your secret girlfirend i.e. *enrolled friend* flew to Omaha for a overnight rendezvous with you a few weeks back - Yonited calculates a fare value lets say $200 - which the IRS says Hey! That's a taxable benefit! - So that "value" is represented as "imputed income" on your paycheck - NOW your paycheck says you earned $2,200 and your taxed on that $2,200 according to your with holdings, exemptions, etc....get it
Thread
Thread Starter
Forum
Replies
Last Post
