Pilot Pay SNAFU

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12-31-2013 | 09:21 AM

#11

bottoms up

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From: non reclining seat

So what's my Profit Sharing Holdback going to be for this ? Another 5%. Can I withhold it on my taxes as well?

Can I expect a few "tranches" for Profit sharing payment as well

12-31-2013 | 10:20 AM

#12

krudawg

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From: 747 Captain, retired

Quote:

Originally Posted by UAL T38 Phlyer

Ahh...they all wear the same, Chinese-made (non-union) pilot uniform now, so Jeffy can't tell them apart any more.

Well, ah sort of. Apparently the company badge background is different; sUal has a WHITE and sCAL has a BLUE (or is it yellow) Be careful though as some of our furloughee's who went to work on the CAL side have the CAL background.

12-31-2013 | 10:22 AM

#13

flyboycpa

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Quote:

Originally Posted by pilotgolfer

The new rates are not loaded into the pay registers yet. I read that the new rates will appear in the pay register after they close out the pay for Jan 15th (the clean up check for December). Your pay check on Feb 1st should be the first one at the new rate.

So, you're saying that even though the deposit hit my bank account today (12/31/13), that it won't be included in my W-2??

12-31-2013 | 11:44 AM

#14

pilot64golfer

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From: Gets weekends off

Quote:

Originally Posted by flyboycpa

So, you're saying that even though the deposit hit my bank account today (12/31/13), that it won't be included in my W-2??

Per IRS tax laws you WILL BE TAXED on income received in 2013. The company will report it on your W-2. If you had been paid it a couple days later, you would not have tax consequences for a year.

Enjoy the excess tax burden.

12-31-2013 | 01:21 PM

#15

pilotgolfer

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From: A320 Captain

Quote:

Originally Posted by flyboycpa

So, you're saying that even though the deposit hit my bank account today (12/31/13), that it won't be included in my W-2??

Where did I say that? Of course today's pay is included in your 2013 W-2. Look at your year to date...

I was just making reference to the fact that the pay rate won't change in CCS to the 2014 Contract rate until after they close out the 2013 pay. The Jan 15th paycheck will still be at the 2013 Contract rate because that is for work done in December (although it won't be included in your 2013 W-2.)

Your YTD pay should reset for the next paycheck on 15th.

I guess your not really a CPA??

Last edited by pilotgolfer; 12-31-2013 at 01:39 PM.

12-31-2013 | 08:37 PM

#16

flyboycpa

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Quote:

Originally Posted by pilotgolfer

Actually, yes, since 1997. You didn't understand the inflection in my question. I was clarifying what I thought you were trying to say. That's all.

fb

01-01-2014 | 06:35 AM

#17

EWRflyr

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Joined: Jun 2008

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From: 737 CAPT

Quote:

Originally Posted by flap

This will increase the 2013 CAL PS payout, as they will have inflated wages compared to UAL.

This is a bad deal all the way around.

Since it wasn't supposed to be paid until January 2nd, this last pay check on the L-CAL side can easily be excluded from the 2013 PS calculations, as it should be.