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Q. I just started as a temp through an agency. I work full-time and just received my first paycheck. I want to ask about the OASDI and the NY 2010-NYCNY withholdings. I was taxed heavily for the OASDI. What is the NYCNY withholding? Most importantly, I wanted to ask you is there any way to [...]
Q. I just got a bonus from my company and noticed the taxes were way higher than my normal tax bracket. What is going on? I live in California.
A. I have good news and bad news for you. The bad news is, the calculation is probably correct. You did not supply any numbers with your [...]
Q. First, please explain the notes on line G of the W4 that talks about what to put on the form for children using different income levels. Secondly, I claimed 8 allowances last year and there were no taxes taken out of my check. This year when I complete the form it shows 9 or [...]
Q. My paycheck increased this week for some reason. My payroll department says it is because of the Stimulus package that was just passed. They can’t find any details. What changed?
A. This was supposed to be so easy. Congress passed legislation giving single individuals a $400 credit for the year and married folks $800 per [...]
Q. I am thinking of hiring someone and would like to know if there is any benefit to me if I pay the employee’s taxes. For example is my payment of the employees local and/or federal taxes am I allowed to deduct any of these on my own tax returns. I would [...]
Q. I am a waitress in Florida claiming single – 1 on my W-4. I am paid bi-weekly. My paystub follows:
55.42 hours @ $3.77 an hour
GROSS Pay $908.18
FICA 56.31
MEDI 13.17
FIT 86.03
TotVolDed 0.00
CASH TIPS 699.25
This leaves me with a net pay for a two-week period of $53.42. PLEASE is this correct?
A. Employees in industries where [...]
Q. My paycheck is wildly different each time because I am paid commission in the 2nd check and a draw on the first check of the month. I submit a new W-4 each period to keep my withholding down. Now my payroll department doesn’t want to accept more than 1 change each month. Is this [...]
Q. I am employed in the State of California and am curious to know what the tax limits and cutoffs are for Social Security and California SDI Payroll Taxes.
A. This question is a little more technical than I usually like to go. But there is common value and in this question and a possible tax [...]
Q. I received a bonus check and the amount that was on the paystub was $500 less than what the bonus came out to. When asking the owner he stated that money was used to pay for the employer’s share of the taxes. On top of that, they took out taxes for my [...]
Q. I’m a Non-Exempt employee. I had a vacation on Friday and worked thru my lunch a couple of days after I got back. Because of me having a vacation day do I still qualify for overtime pay? I get paid bi-weekly.
A. I applaud your use of the term non-exempt. It is not hourly or [...]
