7/10/2009

Overtime

Posted by with 3 comments | in
Wow - I've posted a lot about this lately. oh well.

So, I'm going to request a 30 hour OT payout for the next pay period (July 24, 3009). Then on that pay date, I should have about another 30 that I can request. I'm tired of waiting, and I really want to see some $$ for all of my extra work.

In two weeks, I'll let you know how much extra funds I actually get and update you on my VISA progress.

*edit

I couldn't help myself - I went to the CRA website and looked up their Payroll Deductions Online Calculator.

According to them (which i figure is pretty accurate) I'll get abooout an extra $300 because of the masses of deductions that an extra 30 hours gives me (pushes me into a higher tax bracket).

*sigh.... half, I'm losing half. If taxes and deductions didn't exist I would get $602.

But - $300, is $300 - and it will help. I'll keep putting in OT and hopefully beat this credit card beast down.

Related Posts:

  • Overtime UpdateBy the end of today I will have 26.75 hours of banked time - that's 35.67% of my goal of 75 hours before January 1, 2009.  I actually had another 7.50 hours, but I used that when my family was in town. So.. what does th… Read More
  • Overtime UpdateI’m entering into the ninth hour for my overtime project. As of the end of today, I have logged 54 hours of overtime, which is 72% of my goal. To actually reach 75 hours, I would need to put in 21 hours between 5:00pm today … Read More
  • Overtime UpdateI'm please to say that for the week ending Friday December 18, 2009 I managed to bank 10 hours (which means I worked an extra 12.50).  My OT is coming right along, and I still have a lot of work to do! That brought my t… Read More
  • Overtime Project II - Payout QuestionIn October, I wrote about my Overtime Project II.  My goal was to reach 75 hours of OT before Christmas, which would net me approximately $1,000 to put towards my student loans. I actually reached 54.00 hours, 72% of my… Read More
  • Overtime UpdateLast week I was able to accumulate 8 hours of overtime, which was fantastic! As my family was in town this weekend, I had booked Monday off to spend a little extra time with them.  I used 7.5 hours of last weeks OT (in… Read More

3 comments:

  1. Anonymous10 July 2009 at 14:48

    I HATE that!!! Ugh. Hopefully you'll see that other $300 around tax time? But probably not. :(

    I remember when I used to work OT, I would figure out exactly how much OT would bump me into the next tax bracket - and work just under. lol.

    But you're right $300 will do good damage on that Visa!

    ReplyDelete
  2. Mom10 July 2009 at 15:58

    Heavy sigh!

    ReplyDelete
  3. Jamie10 July 2009 at 20:13

    Sorry, this is off-topic, but I remembered something about crafts. If you have a Micheal's near you I would sign up for their email program, they regularly send me coupons for 30-50% off and I know they have craft supplies.

    ReplyDelete

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