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Vakkapodi
Junior Artist
Username: Vakkapodi

Post Number: 859
Registered: 06-2008
Posted From: 68.0.66.71

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Posted on Friday, March 05, 2010 - 12:17 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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

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Posted on Friday, March 05, 2010 - 12:15 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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

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Posted on Friday, March 05, 2010 - 12:02 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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

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Posted on Thursday, March 04, 2010 - 11:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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

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Posted on Thursday, March 04, 2010 - 10:25 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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

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Posted on Thursday, March 04, 2010 - 10:09 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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

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Posted on Thursday, March 04, 2010 - 09:54 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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

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Posted on Thursday, March 04, 2010 - 09:24 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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

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Votes: 0 (Vote!)

Posted on Thursday, March 04, 2010 - 09:20 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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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