masterboy123
Registered User
- Messages
- 374
Hi,
I have noticed i pay a huge chunk in taxes if i receive my overtime hours paid at a later date when it's accumulated with next month's overtime.
I got 56% in net pay of my Gross pay after taxes, USC, PRD, PRSI and pension contributions. So 44% deducted in taxes, etc.
On basic pay when overtime is not included I pay only 32% in taxes, etc.
My question is if overtime hours are paid on time and not accumulated for 2 months, will i cash out more money?
I have noticed i pay a huge chunk in taxes if i receive my overtime hours paid at a later date when it's accumulated with next month's overtime.
I got 56% in net pay of my Gross pay after taxes, USC, PRD, PRSI and pension contributions. So 44% deducted in taxes, etc.
On basic pay when overtime is not included I pay only 32% in taxes, etc.
My question is if overtime hours are paid on time and not accumulated for 2 months, will i cash out more money?