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Vakkapodi
Junior Artist Username: Vakkapodi
Post Number: 859 Registered: 06-2008 Posted From: 68.0.66.71
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, March 05, 2010 - 12:17 am: |
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Ustad:Bonus ki FICA (Employer Tax) undadu anukuntaa
ohh...ippud ardamayyindi... so he can escape paying that tax... but that's a loop hole isn't? |
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Ustad
Side Hero Username: Ustad
Post Number: 2828 Registered: 07-2008 Posted From: 76.173.42.80
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, March 05, 2010 - 12:15 am: |
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Vakkapodi:what is the benefit to the employer by doing so?
Bonus ki FICA (Employer Tax) undadu anukuntaa |
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Vakkapodi
Junior Artist Username: Vakkapodi
Post Number: 858 Registered: 06-2008 Posted From: 68.0.66.71
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, March 05, 2010 - 12:02 am: |
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Simhapuri_kurrodu:usually bonus ante 40% flat tax. did u check how much tax is being withheld?
i will ask him tommorow. btw, what is the benefit to the employer by doing so? |
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Simhapuri_kurrodu
Comedian Username: Simhapuri_kurrodu
Post Number: 1390 Registered: 07-2008 Posted From: 76.109.130.86
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, March 04, 2010 - 11:44 pm: |
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Vakkapodi:
usually bonus ante 40% flat tax. did u check how much tax is being withheld? |
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Vakkapodi
Junior Artist Username: Vakkapodi
Post Number: 856 Registered: 06-2008 Posted From: 68.0.66.71
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, March 04, 2010 - 10:25 pm: |
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Rebel:bonus ante every yr ki oka sari istaru kada...every paycheck ki kadu...also bonus will be taxed at higher federal rate... ask him y he is generating paycheck like tht
dont know what he is doing...sasthunna e desi h1b companies thoti.... he started like this few months ago... mundu regular ga every paycheck base salary paychesi migathi balance as a bonus he pays it after the vendor pays.... but nowadays, every paycheck he splits it into 2 one as base salary other as perf bonus |
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Rebel
Side Hero Username: Rebel
Post Number: 6993 Registered: 02-2008 Posted From: 75.73.190.3
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, March 04, 2010 - 10:09 pm: |
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Vakkapodi:One half is base salary and remaining amount as Bonus.
bonus ante every yr ki oka sari istaru kada...every paycheck ki kadu...also bonus will be taxed at higher federal rate... ask him y he is generating paycheck like tht |
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Vakkapodi
Junior Artist Username: Vakkapodi
Post Number: 855 Registered: 06-2008 Posted From: 68.0.66.71
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, March 04, 2010 - 09:54 pm: |
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Netsaint:heck your social security contribution in both cases
mama thanks... it dont see that entry in the paycheques... but it shows up in w2 is he upto something.. ? |
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Netsaint
Comedian Username: Netsaint
Post Number: 1420 Registered: 05-2008 Posted From: 65.186.85.170
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, March 04, 2010 - 09:24 pm: |
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check your social security contribution in both cases My Telugu Bhakthi Blog :http://gurugeetha.blogspot.com/ |
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Vakkapodi
Junior Artist Username: Vakkapodi
Post Number: 854 Registered: 06-2008 Posted From: 68.0.66.71
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, March 04, 2010 - 09:20 pm: |
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My company issues 2 paycheques every fortnight. One half is base salary and remaining amount as Bonus. Whats the benefit to the employer by doing so ? is this legal ? another thing he withheld about 11% federal. because of which i am having to pay a huge amount back to the government. deentlo kuda emanna benefit unda employer ki ? |