My work requires me to do about 45 hours overtime in one week, I can split if I choose, is that beneficial?
Karlene S asked:
Week 2 I only work 24 hours, so I can add some of the 45 hours of previous overtime to week 2 if I choose but I feel like I’m giving my employer free time and money, week 3 goes back to 85 hours (45 overtime) and week 4 is 24 hours, will I lose more money to taxes if I claim the 85 hours in one week and 24 hours the second week? I get paid every two weeks.
KENNETH
Week 2 I only work 24 hours, so I can add some of the 45 hours of previous overtime to week 2 if I choose but I feel like I’m giving my employer free time and money, week 3 goes back to 85 hours (45 overtime) and week 4 is 24 hours, will I lose more money to taxes if I claim the 85 hours in one week and 24 hours the second week? I get paid every two weeks.
KENNETH
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Tags: Free Time, Money Back, Money Week
You will always pay more taxes on overtime because you are making more money that way. The more money you make, the more taxes you will pay.
However, the FAT paycheck is GREAT!!!
If you can try to average out your hours, it would optimal to you. The link below can explain it better for you!