and think I may be being slightly overpaid. If I report it, will I be resonsible for the retroactive funds even though I didn't know I as being overpaid?
2007-01-13 04:27:21 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Report it.
Then someone will explain it to you.
If you don't report it and you are being overpaid, it will be caught in the future and they will take it all out of a future cheque (s)
2007-01-13 04:36:48 · answer #1 · answered by bob shark 7 · 0⤊ 0⤋
Ok,
1. First take your hourly wage, say $10.00 per hour.
2. Multiply it by the number of hours you work, say 40 = $400 per week.
3. Taxes & other expenses are removed to get your net pay.
4. Some places of work have escalation due to cost of living increases, and they forget to tell you about this.
5. Sometimes there are raises in the hourly wages due to the end of the year, and you deserve a raise, sometimes 2 or 3% because of inflation.
So congratulations, and I believe you work for a generous company.
Don't complain - just do your own calculations, and you may ask about cost of living or inflation increases without talking about your pay.
GOD bless us one and all, always.
CPA-retired
MBA-Boston Univ.
2007-01-13 12:37:46 · answer #2 · answered by May I help You? 6 · 0⤊ 0⤋
Did you get a wage increase due to the living standards increase or due to the increase of your days (months) with the company?
I would ask the bookkeeper or immediate supervisor
2007-01-13 12:35:52 · answer #3 · answered by Cherish B 3 · 0⤊ 0⤋
They will find out about the error if there was one. Just be honest! If you let it go and keep taking the extra money..they can take it out of your future paychecks! just be honest...you will feel better about yourself.
2007-01-13 12:36:01 · answer #4 · answered by September Sweetie 5 · 0⤊ 0⤋
Some companies do this on purpose just to see if they can promote you.
2007-01-13 19:56:10 · answer #5 · answered by Anonymous · 0⤊ 1⤋
go with the flow.
2007-01-13 12:35:08 · answer #6 · answered by blehh 4 · 0⤊ 0⤋