im the first employee the company has not got there payrow set up yet so they are paying me by personal check my wage is $800 per week my first check was for $613.60. i did not get no stub that says taxes were taking out just a personal check for $613.60. they said it wood be that way for a few weeks should i ask them for a printout on how they did my taxes. it concerns me. thank you
2007-01-18 12:57:04 · 14 answers · asked by smooth 1 in Business & Finance ➔ Other - Business & Finance
I don't think they could easily cheat you out of money. By law, all employers must withold PAYG/PAYE taxes from employees and send that tax money to the tax office/IRS. So, they are not putting the money in their pocket; they are collecting it for uncle Sam. If they withold too much, you'll get a tax refund at the end of the financial year. Also, at the end of the year your employer is required to give you your W-2 or "group certificate," detailing how much tax was witheld from your wages. So, have no worries, no one could rip you off with this.
2007-01-18 13:04:06 · answer #1 · answered by Muga Wa Kabbz 5 · 0⤊ 0⤋
About all I can tell you is if they are not paying their employee taxes it is a Federal and a State violation. I once worked for a company who had over a hundred employee's and they did not pay the Federal or State employee taxes and the two company owners skipped out to Brazil when all was said and done. I had to turn in a Federal Labor claim against them for the benefits they were required to pay because the job was on a military base. It took 3 years but I ended up getting over $4000.00 back from them.
2007-01-18 21:04:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The answer to this depends on what country you are living and according to the laws of your jurisdiction. But your employer must have taken off your deductions from you original pay. It doesn't matter if they are paying you with a personal cheque or with a company cheque. You do have the right to ask your employer for a pay listing. The best way to approach this is to tell you employer that you would like a copy of you deductions so that you can do your own bookkeeping. Many employers will be more than willing to oblige this request.
2007-01-18 21:18:04 · answer #3 · answered by Mr Happy 1 · 0⤊ 0⤋
Speak directly with the owner or the person who signed the check and ask them to show you the gross pay as well as the figures for each of the deductions for taxes, FICA, etc. By the way, it's a very simple calculation which you could actually determine yourself with forms from the IRS site, if you have the ability to do so.
2007-01-18 21:07:21 · answer #4 · answered by Lois M 3 · 0⤊ 0⤋
Yes. You want to know that Social Security and Federal (maybe state too) taxes are taken out. Otherwise you get into a real mess at the end of the year.
2007-01-18 21:02:54 · answer #5 · answered by lollipop 6 · 0⤊ 0⤋
New company's are nice, but they all experience the awful shock of reality when it just falls apart! They should be takeing taxes our, that's you future social security they and you are messing with and if you think a few cash years won't hurt, wait until you get disabled or retire? O, did I mention the IRS expences have to be explained and you don't work on air!
2007-01-18 21:04:43 · answer #6 · answered by darlene g 2 · 1⤊ 0⤋
Just ask for a print out from their payroll section of the program they are using to do the books, cut the checks, etc. I am guessing its Quick Books.
I wouldn't worry too much about it, its not like they are stealing from you. No business resorts to such acts as it would close them and the owners would be in jail under felonies instantly. Its called tax evasion and every business owner stays FAR away from it as possible.
2007-01-18 21:03:12 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Dude. Its a startup. I sincerely doubt that they hired you on to screw you out of a few bucks. Give them time to get the payroll going. If you are the first employee and perform well you could be setting pretty by the time they have say 50 employees.
or you could be a royal pain in the a$$ and have them get rid of you at the first opportunity.
They cannot do anything illegal. Give them time to setup the payroll.
2007-01-18 21:01:09 · answer #8 · answered by trichbopper 4 · 0⤊ 1⤋
yeah ... that is fine that they paid you with a personal check and deducted taxes, but they should have given you a break down either by writing it on the memo line or giving you a statement.
2007-01-18 21:00:51 · answer #9 · answered by ValleyR 7 · 1⤊ 0⤋
Just pay taxes on what they report they paid you on your W2. If they get it wrong on the W2 by being lower, it actually benefits you because if you make less, you pay less taxes :)
2007-01-18 21:00:57 · answer #10 · answered by Anonymous · 0⤊ 0⤋