I got a raise a couple of months ago, and it’s been hell trying to get the stupid bookkeeper to straighten things out. After a couple of weeks where they “forgot” to put my raise into the computer, I threatened to walk out if I didn’t have a check for the difference in my hands within the next two days. Needless to say, I got it. So your background is this: I’ve been going back and forth with my employer for a while now.
My new check has some sort of pre-tax “retro pay” magic bonus money on there for $93.60. Then taxes are taken out, and that $93.26 is taken out after all of that. It seems to me that I’m being taxed on that $93.26 and then not getting that money back. My question is this: how much am I missing here? I only bring in about $14,000K/year max from this job, so I’m at the minimum taxation level.
what is your gross pay and state of residence, we will probably have a payroll doper along in a jiffy
That said, if you had not been paid for this money before you would still be taxed on the amount when it was paid to you. Also many payroll tax calculators will tax a heavier check like this as if every check is at this amount. For example, if you do a bunch of overtime and make $500 instead of your normal $400, the calculations will assume you make $500/check (13,000/yr) instead of $400/check ($10,400) depending on your rate of pay you could very well have crossed into a higher tax rate for that pay period. Long term it won’t matter, it will even out at tax time.
Your OP isn’t very clear. Did you get your check with the forgotten raise money without taxes withheld, then got a regular paycheck with that money added in so that taxes could be withheld, then it was subtracted after so that you didn’t get that pay twice? If so, sounds right to me.
A ha, that’s exactly what happened. I forgot that the manager just did a quick calculation on the calculator and when I asked about taxes he said “we’ll figure something out later.”
What he did is similar to what I just did to one of my employees. I accidentally shorted him 10 hours (mis read his time card). He needs the money and rather then screw around with paycheck in the middle of the week. I handed him $150 (what he would have been paid, excluding taxes) in cash. Next week, I’ll add the 10 hours to his paycheck and he’ll repay me the $150. That way he got his money last week, and I’ll get the taxes this week.
Basically the check you got was just a loan. On your next check, you are repaying the loan, as well as the taxes you would have paid on it if it had been done correctly to begin with.
I can understand what you’re thinking. Even writing this, I’m second guessing myself, but yeah, it works out correctly.
As you can see, we employers, really don’t like to screw up paychecks, it get’s messy.
