Started new job and paycheck equates to $10,000 more annually over what I should be paid, should I say something? (analysis, employers)
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Make sure your W2 with holding is correct and make sure this isn't the amount they are paying for your insurance.
$10K a year or $833 a month would be about the right amount for your insurance (for 2-4 people depending). Make sure they aren't paying you that money to cover your probationary period which is 90 days with some companies before your actual insurance kicks in.
The OP has already said that the Withholding Info is correct but the Gross Amount, as shown on the paystub, is larger than it should be.
Quote:
Originally Posted by sonyab523
That's what I was looking for but salary information isn't printed on the checkstub, just the biweekly rate. But my withholding information is all correct. But the gross listed is more than it should be.
That's what I was looking for but salary information isn't printed on the checkstub, just the biweekly rate. But my withholding information is all correct. But the gross listed is more than it should be.
Are you sure you are being paid bi-weekly (26 times a year) and not semi-monthly (24 times a year)? Bi-weekly pay is usually every other Friday and semi-monthly is usually paid the 15th and the last day of the month. So if you multiplied your checkstub amount by 26 and not 24, that could account for what seems to be a larger annual salary.
Are you sure you are being paid bi-weekly (26 times a year) and not semi-monthly (24 times a year)? Bi-weekly pay is usually every other Friday and semi-monthly is usually paid the 15th and the last day of the month. So if you multiplied your checkstub amount by 26 and not 24, that could account for what seems to be a larger annual salary.
This! Not too long ago there was a thread started by someone in a responsible position who had changed jobs and the new company was on a different pay schedule and she could not understand the difference even after a few dozen posts explained it well. The check stubs should show exactly what the pay period is which can be used to calculate an annual salary.
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