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I'm a little bit confused about my paycheck. We have an internal tool that helps me calculate my bi-weekly paycheck, the details are as follows... keep in mind that my F1 OPT status exempts me from Social Security + Medicare.
Annual Salary $100000
Bi-weekly Gross Pay $3,846.15
Federal Withholding $741.26
Social Security $0.00
CA SDI $34.62
Net Pay $2,799.48
Now, my salary is supposed to be 100k per year. Now, let's ignore taxes for a minute, I just want to figure out the logic behind this simple calculation. If I add my Bi-weekly gross pay ($3,846.15 * 2) this means I earn $7692.3 per month, or in other words $92307.6 per year ($7692.3*12). Where did those extra $8k disappear?... What I mean is that by doing this I was expecting to get around 99k. I'm new at calculating taxes, so what is the explanation?