Submitted by Fun-Boot-7187 t3_1000xzn in personalfinance
Fun-Boot-7187 OP t1_j2evx0k wrote
Reply to comment by DeluxeXL in Am I doing something wrong? by Fun-Boot-7187
I’m paid twice a month, It’s been only 4 months to my hire here so I’m not sure if it’s 24 vs 26 times.
DeluxeXL t1_j2ex328 wrote
You're paid biweekly. My calculations can confirm this based on the withholding calculations.
Item | Biweekly^1 | Semimonthly^1 | On paystub |
---|---|---|---|
Gross Pay per check | $3,076.93 | $3,076.93 | $3,076.93 |
Gross Pay per year | $80,000 | $73,846.32 | |
Federal Withholding | $426.78 | $412.74 | $426.97 |
Social Security | $0.00 | $0.00 | $0.00 |
Medicare | $0.00 | $0.00 | $0.00 |
State Withholding | $131.06 | $129.01 | $131.11 |
FSA | $11.04 | $11.04 | $11.04 |
Traditional 401k | $307.70 | $307.70 | $307.70 |
Medical insurance premium | $52.00 | $52.00 | $52.00 |
^1 Assuming
- Federal: Disable "standard deduction"
- Georgia personal allowance = 1
Since you are "nonresident alien", you do not have the $12,950 standard deduction (See Form 1040NR line 12). Instead, you must itemize. Therefore, payroll computer assumes your deduction is $0 instead of $12,950.
Fun-Boot-7187 OP t1_j2fa2pc wrote
Thanks so much. I guess it checks out that I’m paid correctly.
wowsocool4u t1_j2ew6iy wrote
if you are only paid twice per month then you aren't getting paid 80k. I would double check with your boss on the pay frequency. Edit: what days are you paid on?
Fun-Boot-7187 OP t1_j2ewe9y wrote
I’m paid on Friday, twice In a month
Werewolfdad t1_j2exjxq wrote
That’s bi weekly.
If you got paid twice a month, you’d get paid on the 15th and 30th, which Could be any day of the week.
If you get paid every other Friday, that’s biweekly
Ten months out of the year you’re paid twice a month. Two months, you’re paid thrice a month.
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