My Full Time Check is $1,000 less than my SA...How? Forum

[Anonymous User]

Same firm, same salary, same position. what gives???

Like I'm working WAY harder, and being paid LESS??

Please help me!!!

[RCSOB657]

Doing the obvious first to get it out of the way. Has your tax situation changed?

[Anonymous User]

Doing the obvious first to get it out of the way. Has your tax situation changed?

Nope, married filing jointly, same as last year

[TEIAM]

healthcare? 401k?

[RCSOB657]

Doing the obvious first to get it out of the way. Has your tax situation changed?

Nope, married filing jointly, same as last year

Are you paying the same locality, school district, municipality, county, state, and fed tax? Has your withholding for anything changed? Are you on other company deductibles like insurance?

[Anonymous User]

healthcare? 401k?

Haven't done 401(k) yet, will in the next few days- healthcare is only $280, and I've factored that in already (otherwise paycheck would be 4300+)

[rpupkin]

Same firm, same salary, same position. what gives???

Like I'm working WAY harder, and being paid LESS??

Please help me!!!

March into the managing partner's office and DEMAND an explanation! It's ultimatum time: Either the firm raises your take-home pay by $1,000, or you quit!!

[Anonymous User]

Doing the obvious first to get it out of the way. Has your tax situation changed?

Nope, married filing jointly, same as last year

Are you paying the same locality, school district, municipality, county, state, and fed tax? Has your withholding for anything changed? Are you on other company deductibles like insurance?

In NYC, we moved 60 blocks (in Manhattan the whole time), but this paycheck was based on our old location.

[toast and bananas]

Did your firm pay for your bar prep course, moving expenses, etc? That stuff counts as compensation and you get taxed accordingly. Not sure when this goes through - probably firm specific, but that may be why this check has more taxes taken out.

[Anonymous User]

Same firm, same salary, same position. what gives???

Like I'm working WAY harder, and being paid LESS??

Please help me!!!

March into the managing partner's office and DEMAND an explanation! It's ultimatum time: Either the firm raises your take-home pay by $1,000, or you quit!!

Not sure how this was constructive, just trying to figure out how to plan my finances and pay off my loans that all. I know I'm in a fortunate situation, and I'm grateful to be in it- this wasn't meant as a humblebrag or anything like that.

I'd imagine if you were in this situation you'd be dismayed as well.

[MKC]

Doing the obvious first to get it out of the way. Has your tax situation changed?

Nope, married filing jointly, same as last year

Yeah, but now you have a full year's salary to pay taxes on instead of 12 weeks, which pushed you into higher brackets.

[TEIAM]

Did your firm pay for your bar prep course, moving expenses, etc? That stuff counts as compensation and you get taxed accordingly. Not sure when this goes through - probably firm specific, but that may be why this check has more taxes taken out.

Some firms also give you the summer "stipend" that you actually have to pay back over the first few months.

[Anonymous User]

Did your firm pay for your bar prep course, moving expenses, etc? That stuff counts as compensation and you get taxed accordingly. Not sure when this goes through - probably firm specific, but that may be why this check has more taxes taken out.

Thanks! This was a great call, but I had asked payroll what my check would be like after these temporary deduction had been taken off. (My check this week was wayyy lower than 4100 for those exact reasons).

[Anonymous User]

Did your firm pay for your bar prep course, moving expenses, etc? That stuff counts as compensation and you get taxed accordingly. Not sure when this goes through - probably firm specific, but that may be why this check has more taxes taken out.

Some firms also give you the summer "stipend" that you actually have to pay back over the first few months.

Not mine. I'm working off the 4100 payroll said would be my check moving forward after the temporary deductions (bar stuff etc) was done with.

[TEIAM]

Did your firm pay for your bar prep course, moving expenses, etc? That stuff counts as compensation and you get taxed accordingly. Not sure when this goes through - probably firm specific, but that may be why this check has more taxes taken out.

Some firms also give you the summer "stipend" that you actually have to pay back over the first few months.

Not mine. I'm working off the 4100 payroll said would be my check moving forward after the temporary deductions (bar stuff etc) was done with.

I'm guessing this is your first check. You could have came in mid pay-period. Check the gross, is it $7,500 or $6,923?

[ur_hero]

.

[rpupkin]

I'd imagine if you were in this situation you'd be dismayed as well.

If i was in your situation, I would take a few minutes to figure out my withholdings. And if I couldn't figure it out, I would call Payroll and ask questions. You need to calm down.

[Desert Fox]

This is almost certainly a tax withholding issue. Many firms adjust withholding for summers knowing that hte tax rate for someone making 30k a year is >10%. But someone making 180k is over 20%.

If you didn't get a massive refund after SA year, this is the cause.

[Anonymous User]

Did your firm pay for your bar prep course, moving expenses, etc? That stuff counts as compensation and you get taxed accordingly. Not sure when this goes through - probably firm specific, but that may be why this check has more taxes taken out.

Some firms also give you the summer "stipend" that you actually have to pay back over the first few months.

Not mine. I'm working off the 4100 payroll said would be my check moving forward after the temporary deductions (bar stuff etc) was done with.

I'm guessing this is your first check. You could have came in mid pay-period. Check the gross, is it $7,500 or $6,923?

Not my first paycheck, and gross is 6,923.

[Anonymous User]

This is almost certainly a tax withholding issue. Many firms adjust withholding for summers knowing that hte tax rate for someone making 30k a year is >10%. But someone making 180k is over 20%.

If you didn't get a massive refund after SA year, this is the cause.

So can I increase my withholdings? I once tried the IRS calculator and must've done something wrong because it said I can take 19 allowances which seems insane- I just took 2.

[Desert Fox]

This is almost certainly a tax withholding issue. Many firms adjust withholding for summers knowing that hte tax rate for someone making 30k a year is >10%. But someone making 180k is over 20%.

If you didn't get a massive refund after SA year, this is the cause.

So can I increase my withholdings? I once tried the IRS calculator and must've done something wrong because it said I can take 19 allowances which seems insane- I just took 2.

For your SA? if they don't adjust the withholdings, yea you can take like 19 allowances. But you can't do that when you start working for real.

[Anonymous User]

This is almost certainly a tax withholding issue. Many firms adjust withholding for summers knowing that hte tax rate for someone making 30k a year is >10%. But someone making 180k is over 20%.

If you didn't get a massive refund after SA year, this is the cause.

So can I increase my withholdings? I once tried the IRS calculator and must've done something wrong because it said I can take 19 allowances which seems insane- I just took 2.

For your SA? if they don't adjust the withholdings, yea you can take like 19 allowances. But you can't do that when you start working for real.

Sorry I meant now. Can I take more than 2 withholdings? Or will I get an insane tax bill in April if I do?

[Desert Fox]

This is almost certainly a tax withholding issue. Many firms adjust withholding for summers knowing that hte tax rate for someone making 30k a year is >10%. But someone making 180k is over 20%.

If you didn't get a massive refund after SA year, this is the cause.

So can I increase my withholdings? I once tried the IRS calculator and must've done something wrong because it said I can take 19 allowances which seems insane- I just took 2.

For your SA? if they don't adjust the withholdings, yea you can take like 19 allowances. But you can't do that when you start working for real.

Sorry I meant now. Can I take more than 2 withholdings? Or will I get an insane tax bill in April if I do?

You probably can't do 19 for stub years. But 2 is prob a bit low for stub year. But for a full year, 2 is probably too high.

Unless you need the cash I'd stick with 2 and just file your taxes in Feb.

[Anonymous User]

This is almost certainly a tax withholding issue. Many firms adjust withholding for summers knowing that hte tax rate for someone making 30k a year is >10%. But someone making 180k is over 20%.

If you didn't get a massive refund after SA year, this is the cause.

So can I increase my withholdings? I once tried the IRS calculator and must've done something wrong because it said I can take 19 allowances which seems insane- I just took 2.

For your SA? if they don't adjust the withholdings, yea you can take like 19 allowances. But you can't do that when you start working for real.

Sorry I meant now. Can I take more than 2 withholdings? Or will I get an insane tax bill in April if I do?

You probably can't do 19 for stub years. But 2 is prob a bit low for stub year. But for a full year, 2 is probably too high.

Unless you need the cash I'd stick with 2 and just file your taxes in Feb.

But what I don't understand is if I have the right number of allowances, how am I still making $1000 less than in the summer?

[MT Cicero]

Folks are saying that someone in HR might have you at 3+ allowances as a summer (or you might've put that many in when filling out your W4 for summer employment based upon someone's good advice), and now you're somewhere below that.

"Correct" allowances generally means as close as possible to no tax liability or a huge amount owed come tax time. Well, in a year you'll make $35K, that's some number. In a year you'll make $80K, it's another. In a $180K year, it's yet another.

Do you happen to have some version of an E-pay stub for your summer and now? If so, it'll be pretty easy to determine what's what.