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05-18-2016, 12:13 PM

#4791

Edgecrusher28

Gets Weekends Off

Joined APC: Aug 2015

Posts: 183

Quote:

Originally Posted by Yumyum

Speaking of bonus, it was nice to wake up this morning and see the 5,100$

Nearly $3,000 bucks withheld for taxes; comes out around 38%...yikes!

05-18-2016, 12:19 PM

#4792

24Whiskey

Gets Weekends Off

Joined APC: Aug 2015

Posts: 296

June schedules are on FLICA. Looks like I escaped with a line yet again. Thankfully the mock bids were wrong!

And yeah i was surprised by how much is withheld. $300 just from Michigan taxes alone..

05-18-2016, 12:24 PM

#4793

vilcas

Gets Weekends Off

Joined APC: Dec 2012

Posts: 389

Remember the taxes you pay at the end are based on total income the bonus is taxed at this same rate. So if your effective tax rate is 20% you will get this money in your refund. To be clear bonuses are not taxed at a special rate.

05-18-2016, 12:31 PM

#4794

Slaveaway

Gets Weekends Off

Joined APC: Jul 2015

Posts: 503

Is the reserve grid typically green once flica opens for june ?

05-18-2016, 01:44 PM

#4795

Edgecrusher28

Gets Weekends Off

Joined APC: Aug 2015

Posts: 183

Quote:

Originally Posted by vilcas

Sure it may be taxed at 20% come year end, but it is still withheld at 38% for those who claim 0 or 1.

05-18-2016, 02:27 PM

#4796

seminolepilot

Gets Weekends Off

Joined APC: Aug 2013

Posts: 552

Quote:

Originally Posted by Slaveaway

Is the reserve grid typically green once flica opens for june ?

I've never seen it green once it opens back up. Your best bet is to keep an eye on it as the month goes on and more new hires hit the line.

05-18-2016, 03:22 PM

#4797

AirHun

Gets Weekends Off

Joined APC: Jan 2009

Position: Seated

Posts: 122

Anyone else get a difficult schedule for June? 11 days off and mostly not commutable for me...

05-18-2016, 03:23 PM

#4798

Yumyum

Gets Weekends Off

Joined APC: Nov 2012

Position: CaptFo

Posts: 997

Quote:

Originally Posted by Slaveaway

Is the reserve grid typically green once flica opens for june ?

They were about 5 months ago, however now we are short staffed so everything is red. I think it's a combination of excessive reserves numbers, and covering other airlines flying. Green is gonzo

05-18-2016, 03:25 PM

#4799

HighFlight

Gets Weekends Off

Joined APC: Feb 2016

Posts: 2,559

Bonuses are taxed at a flat 25% for Federal. If your EOY effective tax rate is 10%, you will get back 15% of the gross bonus.

Quote:

Originally Posted by vilcas

05-18-2016, 03:30 PM

#4800

daOldMan

Gets Weekends Off

Joined APC: Jun 2015

Posts: 699

Quote:

Originally Posted by HighFlight

Bonuses are taxed at a flat 25% for Federal. If your EOY effective tax rate is 10%, you will get back 15% of the gross bonus.

The federal tax rate for a single person making $36,750-$91,150, your federal tax rate is estimated at 25%. There are obviously deductions and other considerations, plus state/local taxes.

You may very well be taxed at 38% depending on your income and deductions. If local and state taxes are high, 38% is certainly a reality.