2007-11-30
17:06:33
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2 answers
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asked by
Manish P
1
in
Business & Finance
➔ Taxes
➔ United States
"splitting a paycheck" is when an employer pays the employee in two or more paychecks instead of one during a given pay period. This is sometimes done avoid being taxed in a higher tax bracket. Example: splitting a $5,000 gross income paycheck into two $2,500 gross income paychecks.
2007-12-01
11:28:42 ·
update #1
"splitting a paycheck" is when an employer pays the employee in two or more paychecks instead of one during a given pay period. This is sometimes done avoid being taxed in a higher tax bracket. Example: splitting a $5,000 gross income paycheck into two $2,500 gross income paychecks.
2007-12-01
11:29:49 ·
update #2