27 pay periods in 2010 if you are paid biweekly on Fridays

[yyz]

Lets assume he makes 100000 a year. He was supposed to be paid on 26 weeks this year which is 3846 biweekly. He was only paid 25 weeks at this number and instead will have 27 checks of 3703 coming in 10. (3703 X 27) + (3846 X 25)= 196150. It should equal 200000 if it is so simple no:shrug:

There is NEVER a situtation where you have 25 pay periods in a year. Every year has 52 weeks, for Christ's sake! :mj07:

If this is such a hardship for this business's payroll dept......they should probably fire that crew!

How about changing payday to the 1st and 15th? You will never run into this problem again!

Because it does happen about every five years or so........

I have worked there for 31.6 weeks (31 weeks and 3 days)as of the end of this year. My w-2 for this year will compensate me for 29.6 weeks. My 2010 salary is not in question, as I will be paid 1/27th of my salary 27 times.


I will be shorted 2 weeks of pay in 2009. I do not need to look at my w-2, because I am holding my last direct deposit pay stub of the year right now.

This is where the big problem is: He talks about being "short two weeks pay", but the check he will get on 1-1-10 will represent work from 2009! The first check of the year almost ALWAYS DOES!

I find it hard to believe the company isn't making their adjustments after that. :shrug:

If that's not the case........it does sound goofy.

 

[UGA12]

There is NEVER a situtation where you have 25 pay periods in a year. Every year has 52 weeks, for Christ's sake! :mj07:

Yeah I get that, but it seems to me he is saying they didnt want to pay at the end of year on a holiday and instead would do 27 for 2010. I really dont know what he is saying, but if what I wrote is true he would be getting screwed.

Who knows

 

[yyz]

Yeah I get that, but it seems to me he is saying they didnt want to pay at the end of year on a holiday and instead would do 27 for 2010. I really dont know what he is saying, but if what I wrote is true he would be getting screwed.

Who knows

He gets paid on every other Friday. Next year, that means 27 paychecks.

This just seems to me like the riddle about the three guys and the $30 hotel room and where did the extra dollar come from????? :0corn

 

[LA Burns]

worst case scenario is that you are shorted 3.8% of your next paycheck (from last 2 weeks of '09) - how much money is that after taxes?


not that i would want to get shorted $, but this is a small deal, not a big one


LA Burns

 

[Cie]

worst case scenario is that you are shorted 3.8% of your next paycheck (from last 2 weeks of '09) - how much money is that after taxes?


not that i would want to get shorted $, but this is a small deal, not a big one


LA Burns

My annual raise is 3-5%, so a 3.8% annual hit is a large one imo.

 

[Mr. Poon]

I need to reread this thread once i've had a few more beers......and after a visit to Always Prayen's house. Then it'll all be clear

This makes me thankful I'm on bi-monthly pay

I highly doubt that you are paid bi-monthly, that would be every other month. You are likely paid semi-monthly.

Cie - didn't hear from you today, give me call if you want tonight. Just getting in from the holiday travel. After 7 would be good.

BBC - ditches need to be dug in the accounting world too.

 

[ppabart]

I highly doubt that you are paid bi-monthly, that would be every other month. You are likely paid semi-monthly.

oops

 

[yyz]

I highly doubt that you are paid bi-monthly.....

How about getting paid bi-sexually?

That's when you look at your check every two weeks and say, "Fucked again...."

:director: kurby

 

[Old School]

:mj07: :mj07: :mj07:

quite possible the line of the year..

How about getting paid bi-sexually?

That's when you look at your check every two weeks and say, "Fucked again...."

 

[MadJack]

How about getting paid bi-sexually?

That's when you look at your check every two weeks and say, "Fucked again...."

:director: kurby

:mj07:

 

[skodaa]

Ask the HR guy

Ask the HR guy

about the New Tax Tables.

http://www.irs.gov/

page 4 on the front page.....

Making Work Pay (Stimulis)

Get ready for "Form M" line 63 on your 1040A/B

 

[layinwood]

This is the best reason why companies should pay on the 1st and 15th.

 

[Blitz]

It's about lunchtime, did he quit yet?

 

[gardenweasel]

threads like this make me glad i have a.d.d....

 

[UGA12]

:shrug:

 

[Cie]

:shrug:

Surprised anyone cares about it, but since you are.....I am still there. My meeting got me nowhere. They blew smoke up my ass about how good I am, how the others look up to me, how my leadership skills cannot be taught. Then he told me his hands are tied, and while he understands my angle, he is bound by company policy. Total BS.

He then went into a rehearsed spiel about my relatively high level of pay. Then, he all but told me directly that the best resolution would be for me to fudge my expense account. Seriously.

I left the meeting in decent spirits and have been quietly searching for a new position since. We'll see what happens, but my guess is I will stay right where I am. Talking with some folks, I have learned that he was right about one thing--- my base salary is very competitive nationally for my position.

 

[yyz]

Then, he all but told me directly that the best resolution would be for me to fudge my expense account. Seriously.

Ummm........Meaning you are the first guy in the history of business to not be fudging his account?

:mj07:



So, the bottom line is, these guys really did fuck you outta pay?

Unreal.

 

[Mr. Poon]

Surprised anyone cares about it, but since you are.....I am still there. My meeting got me nowhere. They blew smoke up my ass about how good I am, how the others look up to me, how my leadership skills cannot be taught. Then he told me his hands are tied, and while he understands my angle, he is bound by company policy. Total BS.

He then went into a rehearsed spiel about my relatively high level of pay. Then, he all but told me directly that the best resolution would be for me to fudge my expense account. Seriously.

I left the meeting in decent spirits and have been quietly searching for a new position since. We'll see what happens, but my guess is I will stay right where I am. Talking with some folks, I have learned that he was right about one thing--- my base salary is very competitive nationally for my position.

I was actually still wondering about this. How big is your company? To each individual employee it may not seem like a lot, but the company stands to profit quite a bit from this.

 

[Cie]

I was actually still wondering about this. How big is your company? To each individual employee it may not seem like a lot, but the company stands to profit quite a bit from this.

70-80 employees. They are raking it in.........

 

[Mr. Poon]

Are you the only one complaining? No wonder the other employees look up to you. You are the only one able to do a math equation that doesn't involve adding up items off a dollar menu.

Just joking.....kind of.