22 days stretch in retail

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.
This is usually just a tax withholding issue, which you will get some back on your tax return.

One other good thing with OT is when you max out the Social Security tax at $118,500, they stop that 6.2% tax for the rest of the year.

Yea but then your taxable wages go up...

Members don't see this ad.
 
Yea but then your taxable wages go up...
Huh? Your taxable wages are not affected by SS. Income taxes, SS and Medicare are all taken out at the same time; not sequentially, so each tax does not reduce the wage base of any of the other taxes.

Taxable wages = Gross - health insurance, FSA, etc. - 401(k)

Notice that there is no Social Security there.

SS = 6.2% of ( Gross - health insurance, FSA ) up to $118,500 max
 
Top