*headdesk*

May. 6th, 2008 09:35 am
[personal profile] rm
I used to get paid twice a month and my takehome was a consistent amount.

We switched to once monthly, and I figured it would be doubled, but no, there was an extra $250 tax hit.

Do I change my withholding or will this sort itself out when I don't get paid again for a month?

Date: 2008-05-06 11:27 pm (UTC)
From: [identity profile] alexpgp.livejournal.com
It would seem that whoever is in charge of payroll recalculated your withholding as if the new amount was being paid twice per month instead of once.

If speaking with TPTB doesn't clarify this, I would go ahead and redo the number of withholding deductions so as to bring the amount withheld in line with what you owe on April 15.

Cheers...

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