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The Watercooler
Feeling a bit homicidal, is that bad?
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<blockquote data-quote="Josie" data-source="post: 327119" data-attributes="member: 1792"><p>I'm sure you have reasons to be upset with him.</p><p> </p><p>Maybe it isn't on the paycheck the way it should be. Your bonus was $7,500. Taxes were withheld on the $7,500. Then you paid back the $5,000. If he showed it as a $5,000 taxable income amount, I can see why you would be confused.</p><p> </p><p>But if you had won the lottery and paid him back the $5,000 last week, that would be a cash for cash loan. Then this week, he would give you a bonus of $7,500 with taxes withheld which would be under $5,000. Your net would still be that you paid him a little bit of money. Does that make sense? </p><p> </p><p>Having it pre-tax would be like borrowing $2,000 and then him saying, "since your salary is $2,000, I just won't pay you this month and we'll call it even". He may do this, but if so, if the IRS knew, he would be in trouble, because he isn't paying employee taxes on it and the employees are not paying income taxes on it. </p><p> </p><p>All this is not to say something isn't up with him and you. But this particular incident doesn't seem like a personal thing, to me.</p></blockquote><p></p>
[QUOTE="Josie, post: 327119, member: 1792"] I'm sure you have reasons to be upset with him. Maybe it isn't on the paycheck the way it should be. Your bonus was $7,500. Taxes were withheld on the $7,500. Then you paid back the $5,000. If he showed it as a $5,000 taxable income amount, I can see why you would be confused. But if you had won the lottery and paid him back the $5,000 last week, that would be a cash for cash loan. Then this week, he would give you a bonus of $7,500 with taxes withheld which would be under $5,000. Your net would still be that you paid him a little bit of money. Does that make sense? Having it pre-tax would be like borrowing $2,000 and then him saying, "since your salary is $2,000, I just won't pay you this month and we'll call it even". He may do this, but if so, if the IRS knew, he would be in trouble, because he isn't paying employee taxes on it and the employees are not paying income taxes on it. All this is not to say something isn't up with him and you. But this particular incident doesn't seem like a personal thing, to me. [/QUOTE]
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Feeling a bit homicidal, is that bad?
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