Questios regarding my pay checks

[IamIndian82]

Hi

 

I am working for a desi based company(from NJ) for past 5 years on H1B.

 

I will little frustrated about the way they pay my salary.

 

1) Bi weekly checks are run based on my base salary which they set it to 90K (where i actuallly get little more than that)
  -- Since the bi weekly checks are run through ASP, there are deposited on time.
 

2) And they say they will pay the remaining amount every 3 months as Bonus.
 -- But these checks were delayed every time saying there is delay in payment from vendors.
 -- And Since they are running them as Bonus i am paying more taxes around 40%.
 -- When i ask why is this , they are saying at the end of the year the taxes are gonna be same and if in case i pay more
     i will get as tax returns and ideally i got only 1200$ tax returns last yera with the waages 0f 114K.

 

My last pay check for 2013 is shown in the attachment.(Numbers slightly modified due to security issues :)) - sample digits

 

EARNINGS                        Rate               Hours    This Period                Year to date

------------------------------------------------------------------------------------------------------

Regular                               28.8463          80          2307.70                     60,200.70

Project Bonus                                                             515.38                      7,153.82

Special Bonus                                                             638.46                    16,000.96

Bonus                                                                                                          33,400.00

----------------------------------------------------------------------------------------------------------------

Gross                                                                        3461.54                    116,742.98

 

 

 

Deductions                               Statutory

----------------------------------------------------------------------------------------------------------------

  Federal Income Tax                                               -687.66                        24,801.28

  Social Sec Tax                                                          -31.47                         7,048.40

  Medicare Tax                                                             -50.19                         1,690.48

  NJ state tax                                                               -153.08                        5,488.20

  NJ SUI/SDI tax                                                                                                  272.46

 

you can see in the pic that for every check there will a Reguly pay,Project Bonus,Special pay and the the Bonus which will added every 3 months.

Is this right what they are doing? am i loosing anything here. why i am not getting much tax returns?.

Can anyone ghelp me on this.

 

Thanks

[omshiv]

Leave desi fake shady employers

[pontevecchio]

Consult a Tax consultant preferable a Desi as it takes one to catch another to go over your taxes. If you are getting a W2 every year as you should and you are getting the H1 salary at the very least you have nothing to complain about.