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Subject Author Date
Paid time off and tax quickcur@yahoo.com 06-26-2006
Posted by quickcur@yahoo.com on June 26, 2006, 1:56 pm
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 Hi,

I found that PTO (Paid time off) was added by my employeer
to my regular salary to compute total income and tax. For
example,

If my salary is $50000 and I have take 10 days of PTO (or
vacations), my total income became $50000 + 10 days salary
~= $52000.

Is this right?

Thanks,

qq

<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
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<< Copyright (2006) - All rights reserved. >>
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Posted by Stuart A. Bronstein on June 26, 2006, 2:14 pm
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> I found that PTO (Paid time off) was added by my employeer
> to my regular salary to compute total income and tax. For
> example,
>
> If my salary is $50000 and I have take 10 days of PTO (or
> vacations), my total income became $50000 + 10 days salary
> ~= $52000.

Is the $2,000 the money they paid to you while on vacation?

Or is it in addition to the money you actually got as a way
to somehow tax you for the value of time off when but that
you didn't actually get in cash?

If it's the latter, it's not right.

Stu

<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Arthur Kamlet on June 27, 2006, 12:38 pm
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> I found that PTO (Paid time off) was added by my employeer
> to my regular salary to compute total income and tax. For
> example,
>
> If my salary is $50000 and I have take 10 days of PTO (or
> vacations), my total income became $50000 + 10 days salary
> ~= $52000.
>
> Is this right?

Only if you were actualy paid 52,000.

__
Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH

<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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