Any "Latest & Greatest" about Endeavor?
10-04-2017, 12:58 PM
Line Holder
Joined APC: Jul 2016
Posts: 35
10-04-2017, 01:33 PM
Gets Weekends Off
Joined APC: Apr 2008
Position: the right side
Posts: 1,378
10-04-2017, 01:44 PM
Gets Weekends Off
Joined APC: Aug 2014
Position: CR9 CA, FT Minivan Driver
Posts: 452
75 guaranteed per month, $10K (before tax) paid about a week after IOE is complete. Good luck and hope to see you onboard soon. Don't listen to the bulk of these guys on here...we've got it pretty good, but some feel it could be better. First world problems!
10-04-2017, 02:06 PM
Line Holder
Joined APC: May 2017
Posts: 50
Haha, thanks for the reply! I understand, i didnt even know about the whole TA thing until after I had applied. Just curious how long does it take for something like this to come into effect with the new pay rates? Curious as I would probably start groundschool end of the month or november if i get accepted.
10-04-2017, 02:20 PM
Gets Weekends Off
Joined APC: Jun 2013
Posts: 200
Haha, thanks for the reply! I understand, i didnt even know about the whole TA thing until after I had applied. Just curious how long does it take for something like this to come into effect with the new pay rates? Curious as I would probably start groundschool end of the month or november if i get accepted.
10-04-2017, 03:08 PM
On Reserve
Joined APC: Jul 2017
Posts: 15
The tax man cometh
For anyone who doesn't understand how bonuses are taxed... Bonuses are withheld at a higher tax rate. This means that a larger amount is taken out of your check when you receive your bonus. HOWEVER... when tax season rolls around, there is no difference between bonus income and regular income. So, if the bonus was withheld at a higher rate than your tax bracket, you will see the difference in rates come back to you. I also misunderstood this for a long time.
10-04-2017, 03:46 PM
Gets Weekends Off
Joined APC: Feb 2016
Posts: 2,559
NO NO NO. You are withheld at 25% federal, plus whatever your personal situation is (ALPA, state, etc.). Most people will net somwhere around 65% at time of payment.
However, when you file your taxes, you will THEN be balanced; if your ETR (effective tax rate) is 10%, you will see the difference between 25% and 10% as a refund. If your ETR is 7%, you’ll see a refund of that amount.
Yes, you are giving Uncle Sam a loan of your money, and that is never good. However, you can compensate for that by having even less taken out of your monthly pay checks i.e. increase allowances on your W4), in order to be in the optimum position of owing the IRS $100 on April 15.
No company in the world would ever advertise a take home pay amount, that varies by individual. Welcome to the world of taxation.
However, when you file your taxes, you will THEN be balanced; if your ETR (effective tax rate) is 10%, you will see the difference between 25% and 10% as a refund. If your ETR is 7%, you’ll see a refund of that amount.
Yes, you are giving Uncle Sam a loan of your money, and that is never good. However, you can compensate for that by having even less taken out of your monthly pay checks i.e. increase allowances on your W4), in order to be in the optimum position of owing the IRS $100 on April 15.
No company in the world would ever advertise a take home pay amount, that varies by individual. Welcome to the world of taxation.
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