For context, I am in Florida.
Unofficially, my total salary, including taxes, is supposed to total 45k/yr. I get $835.80 biweekly, along with $250 in cash. When my boss proposed this, he said that the extra cash would be equal to what I would get after taxes if he did it on the books. Since it saves us both the hassle of dealing with extra taxes, he convinced me to go with it.
I know that this is completely illegal, but it's also fairly common. My problem is that, given my tax bracket, either 17.5% or 25%, it still doesn't add up to anything near $45k. At best, I get to 36k. Am I missing something here, or am I really just getting swindled?
Submitted January 06, 2017 at 01:30AM by UntrueStatements http://ift.tt/2jhAYyv
