[ad_1]
I’m not certain if payroll made a mistake. I despatched an e mail explaining why I assumed they did and so they defined why they did not however I am unable to make the maths work in mild of their clarification. The tough bit is that they modified the pre tax hsa deduction to $130.5 however forgot to vary the hsa deposit quantity of $345.
Month-to-month pay stub
Gross Pay = $3700
HSA deduction = $130.5
Medical health insurance deduction = $200.31
Adjusted Gross = $3369.19
Taxes = $738.81
Internet pay = $2630.88
Cash acquired:
Quantity deposited in checking = $2285.88
Quantity deposited in hsa = $345
Payroll mentioned that “a part of the HSA that was transferred to you – $214.50 ($345 HSA deposit -130.50 deducted from gross pay) got here out of post-tax {dollars} as a substitute of pretax {dollars}.”
I am unable to make the maths agree with the above. From what I perceive they took out $345 from “put up tax {dollars}” (internet pay) , not $214.50.
Is internet pay the identical as “put up tax {dollars}”? or ought to put up tax {dollars} not embrace the hsa + medical health insurance deduction?
Is gross pay = checking deposit + hsa deposit + taxes + medical health insurance premium appropriate? I come up $130.50 quick with this equation.
[ad_2]
Source link