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How complicated is your paycheck?

E

Exterous

Super Moderator
I get paid bi-weekly and so far this year I've gotten earnings across 12 different lines on my paycheck. This pay period I have 6 positive earning lines and 1 negative (If you use vacation\sick they debit 'normal earnings' the amount of your pto)

On the benefits side our HR\Finance go through a lot of contortions to fit in with various programs so the before tax deductions vary as well. 1 retirement contribution is monthly, two are bi-weekly (due to their structuring of retirement accounts I have 3 with them). Optical insurance is bi-monthly and health is bi-weekly (dental is included). After tax life insurance is quarterly

So thats 18 lines that vary by paycheck to make up my take home pay. I doubt I'll have any two paychecks that are the same this year
 
that's nuts. mine are identical from one paycheck to the next with the only exception being parking costs. parking is monthly but we are paid bi-weekly and that throws off the total amounts by a few bucks each time.

one earning line (two if stat-holiday). 6ish deduction lines (identical from one check to the next).
 
Mine would be pretty simple, except my boss keeps forgetting to pay me. :colbert: Or he did last year. I hope that's over with.
 
My paycheck is fairly simple, but my wife's is a nightmare.

1) She was being paid every other week, but they got bought out to a company that did it every other week, but a week apart. So, there was a 3 week gap at the beginning of the year instead of 2.
2) They decided to normalize salaries across the companies.
3) Then they decided to make the normalization retroactive to the beginning of the year.
4) Then they realized that they didn't normalize it for the 3rd week in the first paycheck.
5) Then she got an award.
6) Then she got a raise.
7) Then she got the last bonus from the first company (prorated for a partial year).
8) Then she got another award.
9) Then she got the bonus from the second company (prorated for a partial year).
10) Then we updated the 401k withholding percentage.
11) Then we just got a notice that they are moving to twice a month instead of every-other week. So the transition will have the next paycheck be 2.3 weeks instead of 2. Then the next paycheck will finally be her regular paycheck.

I still have no clue each payday what will be the amount deposited.

Now, twice per month is by far better than every other week (or worse, monthly). I wish all companies would move to that.
 
I haven't looked at a paycheck or pay stub in probably a year or more. Log in to see my vacation amount, otherwise I have no need to know how much the government is fucking me.
 
If you have a wife who takes time off for the birth of a child, paychecks get pretty complicated. I wasn't sure what to expect for several months until it all got back to normal.
 
You work for a small company? I always assumed that insurance providers worked with companies to accept premiums on their pay schedule. Weird that yours are so complicated.
 
Mine is the same every time I get paid, bi-weekly.

100% gross pay
Federal Income Tax (-15.259%)
SS Tax (-6.070%)
Medicare Tax (-1.419%)
NYS Income Tax (-4.638%)
NYS Disability Tax (-.052%)
Dental Ins. (-.328%)
Life Ins. (-.030%)
Medical Ins. (-1.628%)
Vision Ins. (-.112%)
410-K (-5.000%)

Net Pay = 65.464% of gross pay
 
96Firebird said:
Mine is the same every time I get paid, bi-weekly.

100% gross pay
Federal Income Tax (-15.259%)
SS Tax (-6.070%)
Medicare Tax (-1.419%)
NYS Income Tax (-4.638%)
NYS Disability Tax (-.052%)
Dental Ins. (-.328%)
Life Ins. (-.030%)
Medical Ins. (-1.628%)
Vision Ins. (-.112%)
410-K (-5.000%)

Net Pay = 65.464% of gross pay
Click to expand...

Yep, mine is very similar.
 
Mines the same amount every week assuming i work 40 hrs. but i have 13 lines of deductions, soon to be 14 as i put some tools on my tool bill.
 
Mine is nice and simple:

Earnings
Gross
Bonuses (as applicable)
HSA Contribution (as applicable)

Taxes:
Fed
Med
OASD
State

Deductions (pretax):
Medical
Dental
401k

Deduction (posttax)
Fitness center
Company stock

I get paid monthly and every check is the same unless a raise or something comes up (the line item other payments which show in other ways or other paystubs).
 
i haven't looked at a pay statement in months.

i usually look at them twice a year.

the first one in january after my raise kicks in so i can see how much more money is going into my 401k.

the second one later in the year so i can gauge when my checks will get bigger from no more social security tax being taken out.

i get paid 2x a month and my later check is about $25 more due to a health/fitness benefit we have where they pay us extra if we work out for the gym fees.
 
Gunslinger08 said:
I assume she got a raise, since I'm pretty sure it's illegal to retro a pay cut.
Click to expand...
I don't know the details of everyone but after years of percent raises, my wife's year salary looked like _ _183.79. And it became _ _200.00. I think they just mostly rounded up to a nice even number. For us, it was a meaningless change. I imagine that those who were paid less than what they normally paid may have gotten an actual raise.
 
It's relatively simple:

(+) Gross Pay
---(+) Salary for days worked
---(+) Sick/Vacation/Holiday pay broken out separately
---(+) Benefits Credits
---(-) Pay adjustment for 27 pay periods this year (the company spent so much money fixing this "problem")
(+) cell phone reimbursement
(+) mileage reimbursement or other reimbursements
(-) Pre-tax deductions
---(-) 401k
---(-) dental
---(-) medical
---(-) vacation buy (I bought extra vacation time beyond my allotment)
---(-) vision
(-) PAC contributions of $1 (gag me)
(-) Tax withholdings
---(-) fed
---(-) social security
---(-) medicare
---(-) city
---(-) state
 
rcpratt said:
It's relatively simple:
---(-) Pay adjustment for 27 pay periods this year (the company spent so much money fixing this "problem")
Click to expand...
Paying twice a month never has that problem and better matches your actual bills.
 
Last edited:
Gunslinger08 said:
You work for a small company? I always assumed that insurance providers worked with companies to accept premiums on their pay schedule. Weird that yours are so complicated.
Click to expand...

Mid sized but we do work for non-profit, education and government groups enough that, apparently, we qualify for certain programs\plans\discounts etc but supposedly some of those are less flexible with pay schedules. I think they do a 'group of companies' plan for life insurance to get a better rate and the companies involved pay into a pool for and then that pool is billed.

Not sure how it all works but we don't pay much for well above average benefits so they do seem to know what they are doing

zinfamous said:
you still get paystubs either in paper or through HR portal.
Click to expand...

Yeah mine is direct deposited but I still check to make sure my various hours are applied as there are different rates associated with them
 
Paid monthly,

I am salaried
Get the same every month except once a year there is usually a moderate bonus.

I have a bunch of line item deductions every month, health, dental, 401k, stock purchase plan, as well as all the usual tax lines

We get a different line as well if we take PTO, "annual personal holiday", or if the month happens to have one of the 6 annual paid holidays .. Its generaly pretty simple
 
Very simple. I'm salaried.

Once a year, there's a bonus.

Every quarter, a few people get "attaboy" type awards, in which case they get a much smaller bonus. (This has happened to me a couple times.)

My deductions are as numerous as anybody else who isn't paying self-employment tax (medical, dental, VSP, life insurance, 401k, IRA, all the different federal/state/local taxes, SSI, etc.) but they're the same every check*.

*Unless there's 3 paydays in a month, then I don't get the chunk taken out for insurance(s).

My taxes are simple enough that the Free version of TurboTax Online is adequate.
 
Pay check? Not complicated at all, just has my name, my address, company name and address, total amount, bank routing information and account number and a signature.

Now if you mean pay stub or pay statement, that's a different story.
 
I don't look much at the pay cheque, I only look at what goes in the bank. It's too depressing to see all the deductions. 😛 Every now and then I look at it, like if I did OT I want to make sure it's in there. I'd say it's not super complicated, but it could be simpler.
 
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