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Posted by Han on May 14, 2008, 8:18 pm
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d1b0e986f3c5@k13g2000hse.googlegroups.com:
> Han,
> I believe that the "couple of pennies" variation in your net pay is,
> basically, due to rounding.
>
> Your employer is, probably, calculating the various taxes that you owe
> on a "YTD Gross pay basis", and then deducting from your pay an amount
> that, when added with previous deductions, equals the amount owed
> YTD. This is done for each of the types of tax owed.
>
> Due to rounding, this can cause the amount owed for each of the taxes
> to vary by a penny or two each pay period.
>
> The same thing can happen whether pay-days are every two weeks, or
> twice a month.
>
> I can't offer a similarly easy explanation for your reported "couple
> of dollar" variations. Is it possible that you have a deduction that
> it only taken out of, say, the first paycheck of the month? OR, is
> taken out of 2 paychecks a month, but not out of the (twice a year)
> third paycheck in a month?
>
> BTW, "Payroll" was the first banking application that I worked on,
> back when I was first hired as a programmer in 1978.
>
> db
>
The pennies difference I can understand, although I would prefer set
amounts and then a reckoning at the last paycheck of the year. Should be
much easier for everyone. The few dollars I can't figure out, but I have
no experience with such applications. It is NOT for a variable
deduction, but more like a recalculation every once in a while. I think
that Weill Cornell Medical College needs help <grin>.
--
Best regards
Han
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