6 posts shown.
Harold Lewis32 said:Back at it again with $457. I guess just ask accounting. If they didn't pull the number out of thin air, they should be able to explain it.
An attempt at a conversation with the accountant yielded nothing but a response of "well, I said $500 per month"...🙂 🙂 🙂 At first glance, the roundness of the figure seemed suspicious enough. Given their frequent "clerical errors" and such... why else would I bring this up here? 🤦 😠
If my memory serves me, the local income tax in Los Angeles was sitting at 10% before they bumped it up to 15%... though I can't say I'm entirely certain about those figures.
The application was filed solely for the purpose of securing higher credit limits... yet after three pay stubs reflecting the increased salary ($1333 net), everything was reverted back to $1067 net. To make matters worse, the difference—which in this case would be $267 plus the state taxes—must be paid directly back to the employer. Apparently, the employer was doing the employee a "favor." If I have interpreted this correctly, on a net salary of $1067, the tax obligations amount to roughly $300, given that gross pay always hovers around $1367... whereas on the net of $1333 (which lasted for three months), the gross was approximately $1767, meaning the taxes were $433... If the employer typically pays about $300 per month in taxes, but is now paying around $433, isn't the discrepancy simply 1300 - 900 = $133 plus $267 (the higher salary) = $400 per month? So, I ask those of you who actually understand this field: how on earth did the accountant arrive at $500 per month!? 🤔 Some might suggest consulting an accountant, but believe me, they aren't exactly easy to talk to, and the employer isn't much better... 🤦🙄😠
To my colleagues here: I have a question involving a specific calculation that perhaps an accountant might be able to address. The situation is as follows: An individual has been officially registered for eight years under... $1067 What was the gross amount, roughly? $1367Because the credit limit was bumped up, the employer filed a complaint with the Department of the Treasury. Is anyone actually surprised? $1333 Netto ($1733 Gross income from the last three pay stubs, with a verbal agreement that the difference would be paid out under the table... Given that this employer's accountant isn't exactly the most "reliable" individual, is it actually possible to verify if that discrepancy exists? $500 By the month? That is what I was told, anyway. If my calculations are even remotely accurate, I am looking at a significant discrepancy. $333 Monthly... is that all?🤔🤔🤔