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27

Usually, when you sign up for direct deposit you have to sign a form giving your consent. This contains a clause which allows the company to make withdrawals up to the paycheck amount, in order to correct any errors. In short, if you signed up for direct deposit then you have already given your consent for them to fix errors by withdrawing money. If you do ...


9

Yes, your earning statement is your paystub. Back in the olden days*, before direct deposit, your employer would give you a physical check that you had to take to the bank. Your earning statement would be attached to the check, and when you would tear off the paycheck, the earning statement would be left. That's where the name "paystub" comes from. The ...


7

Your pay stub should list the exact work dates that the paycheck covers. Look at your pay stubs before the change and after, and make sure that no days got missed. Talk to payroll or your boss if you see that there was a period of time that you didn’t get paid for. Now that you are paid semi-monthly, the gross pay (before any deductions) listed on your pay ...


6

If a stranger is offering to give you a bunch of money for doing nothing, it's probably a scam. You haven't given enough info to tell how it works, but I'd guess it's a variation of something like this: they "deposit" $2000 into your account they say "oops we messed up and sent too much. please send back the additional $500" you do it, and then the initial "...


5

First, double check that you aren't reading it wrong. Ensure that the number you are pulling is based off of the pre-tax hourly rate (usually this is on the leftmost side before any deductions are calculated out. Next, look over the employment contract that you signed when you first started working there. Ensure the offered salary is the amount you expected ...


4

Your 566.67 hours calculation is incorrect. On Jan 11 you got paid for time worked between Dec 22 and Jan 4, that's only 4 days of pay in current year, 6 in prior year (based on your figures I'm assuming 5-day workweek and 8 hour workday). So your number includes 48 hours worked in 2018, removing those extra 6 days from 2018 puts you at 518.67 by the end of ...


4

You’re not required to pay yourself anything — you can work for your own company for free. But if you do want to take money out of the company for your own use, that has to be done either as salary or as a dividend, and there are restrictions on dividends — they normally have to be paid equally (per share) to all shareholders, and they can only be paid out ...


4

Note that many large companies don't offer any other payment methods, so you are bound to use direct deposit (or work for free or get another job). I have never signed anything, and from the people in HR I know they would never do that (taking money back). If you owe them a correction, they (snail-)mail you about it, and give you thirty days or more to ...


3

It depends on the clause of the Direct Deposit agreement. Some Direct Deposit agreements include a clause including permission to make withdrawals, the actionary phrase may be as simple as 'I permit {organisation} to deposit and withdraw on my account'. If there is no withdrawal authorization provided, such things as correcting overpayments or incorrect ...


3

In today's world, there is a fine line between an employee and a contractor. If a person was hired as a contractor, but had the same pay periods as an employee, used the same equipment as an employee, having the hours worked to be dictated by the employer, being told what to do, etc., then the IRS could find good reason to classify that contractor as an ...


3

Yes, an earnings statement is a paystub, or pay advice. It gives an accounting of your pay from the payroll department including salary, vacation, holiday, or sick days. For hourly employees it might include hours at regular pay, overtime at different rates, shift differentials, and tips. It can include bonuses, commissions, and meal allotments. It can ...


2

What I ended up doing was getting a notarized copy of my withholdings and a statement from my employer saying what I earn hourly and annually. I checked all my options first -- I could not get a bank loan as I did not have enough credit, I previously owned two used cars payed for with cash and wanted a reliable long-term vehicle. My employer was a family-...


2

You have a few options and sometimes challenges help us improve our situation. First, you can not borrow to buy a car. Reducing the massive depreciation that cars undergo will help you be wealthier. It is hard to find a good use car that you can buy for cash, but it will play out best for your finances in the long run. If your heart is set on borrowing, ...


1

When RSUs vest, the value at the time generally becomes taxable income for you (if they aren't tax-exempt for some reason), and your employer is responsible for withholding tax just like with normal income. Often, what employers do is to make a rough guess about the tax liability and directly sell some of your RSUs to pay that liability, and give you the ...


1

Do you also have a statement from your pension provider (or online access to your pension account) stating how much is being paid in? Your payslip should also explicitly state total gross pay and pension contribution. Is the gross pay the same as it was before? I would follow this up with your accounts department - it does sound as though the payroll ...


1

Why don't you just max out to the £8424 salary, then not pay yourself a salary till the end of the tax year (live off dividends until end of june). do you have an accountant ?


1

Personal: A company I had worked for erroneously posted two checks to my direct deposit. There was also a debit in my account, for correction. So I can not say if it is a withdrawal per se, or just a reversal of the electronic money transfer.


1

I have experienced this twice. This always happens when moving between pay periods that don't dovetail. If you went from every week to every two weeks it is easy. When you go from monthly to every two weeks, or from every two weeks to semi-monthly there will be either a large check or a small check during the transition period. In your case there will be ...


1

You'd have to pass this by an attorney to be sure but consider making a new class of membership. Normal members pay full price and do no cleaning. This type of member cleans as needed but gets a cheaper membership. I've been in fitness clubs where cleaning was required. Mostly about cleaning machines after use. Note that what you probably can't do ...


1

This is going to depend on the tax jurisdiction and I have no knowledge of the rules in Illinois. But I'd like to give you some direction about how to think about this. The biggest problem that you might hit is that if you collect a single check and then distribute to the tutors, you may be considered their employer. As an employer, you would be ...


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