UAL profit sharing
08-17-2016 | 05:26 AM
#21
Line Holder
Joined: Sep 2010
Posts: 1,725
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From: UAL retired
Save as much as you can from your regular check ALWAYS, and there will be no need to worry about the size or tax treatment of your PS check.
If after getting your PS check you feel "richer" and want to save more simply up the percentage taken out of your remaining monthly checks until you hit your new target.
Bottom Line: Unless you are hitting the max deferral with your monthly income there is no need to even consider trying to defer your PS.
08-17-2016 | 06:36 AM
#22
Line Holder
Joined: Jun 2008
Posts: 1,980
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From: 737 CAPT
Social security deductions of 6.2% apply to the first $118,500 of your income. The maximum deducted for SS for 2016 is $7,347. If you have had more than that amount deducted so far this year, assuming you have made $118,500, then something is wrong. That is a hard cap number which includes all sources of taxable income. Once you have earned $118,500, SS deductions cease.
As far as Medicare, unlike SS, there is no cap on income; it applies to all income earned. An employee pays 1.45% of his/her income up to $200,000. Once an employee earns above that threshold an additional .9% is deducted for a total of 2.35% in deductions. Employers must start deducting this additional Medicare amount on the first paycheck exceeding $200,000.
08-29-2016 | 11:32 AM
#24
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Joined: Feb 2011
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From: Seat 0A
08-29-2016 | 01:52 PM
#25
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From: Narrow/Left Wide/Right
08-29-2016 | 03:10 PM
#26
Gets Weekends Off
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08-29-2016 | 03:16 PM
#27
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08-29-2016 | 03:42 PM
#28
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08-30-2016 | 04:39 AM
#29
Gets Weekends Off
Joined: Jul 2007
Posts: 190
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From: IAH 320 CA
EPS has nothing to do with our PS.
08-30-2016 | 01:03 PM
#30
Banned
Joined: Apr 2012
Posts: 216
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so not sure what youre tryin to say there
the forecast eps are forecasts, though. and our ps will be based on the actual (pre-tax, pre-special charges) earnings, not calculated until well after Dec 31
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