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Salary Bonus

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Vakkapodi
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Username: Vakkapodi

Post Number: 859
Registered: 06-2008
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Posted on Friday, March 05, 2010 - 12:17 am:       


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?
 

Ustad
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Post Number: 2828
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Posted on Friday, March 05, 2010 - 12:15 am:       


Vakkapodi:

what is the benefit to the employer by doing so?



Bonus ki FICA (Employer Tax) undadu anukuntaa
 

Vakkapodi
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Username: Vakkapodi

Post Number: 858
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Posted on Friday, March 05, 2010 - 12:02 am:       


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?
 

Simhapuri_kurrodu
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Username: Simhapuri_kurrodu

Post Number: 1390
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Posted on Thursday, March 04, 2010 - 11:44 pm:       


Vakkapodi:




usually bonus ante 40% flat tax. did u check how much tax is being withheld?
 

Vakkapodi
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Username: Vakkapodi

Post Number: 856
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Posted on Thursday, March 04, 2010 - 10:25 pm:       


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
 

Rebel
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Posted on Thursday, March 04, 2010 - 10:09 pm:       


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
 

Vakkapodi
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Username: Vakkapodi

Post Number: 855
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Posted on Thursday, March 04, 2010 - 09:54 pm:       


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.. ?
 

Netsaint
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Username: Netsaint

Post Number: 1420
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Posted on Thursday, March 04, 2010 - 09:24 pm:       

check your social security contribution in both cases
My Telugu Bhakthi Blog :http://gurugeetha.blogspot.com/
 

Vakkapodi
Junior Artist
Username: Vakkapodi

Post Number: 854
Registered: 06-2008
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Posted on Thursday, March 04, 2010 - 09:20 pm:       

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 ?

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