Timeline for Is it misleading to include FICA "benefits" in an offer letter?
Current License: CC BY-SA 3.0
17 events
| when toggle format | what | by | license | comment | |
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| Jul 7, 2015 at 20:06 | comment | added | jxramos | @JeffO, they did itemize them into it, a line item for SS and a line item for Medicare. Having just ran the numbers they strangely don't quite line up to 6.2% and 1.45%, (SUM=7.65%), but instead give numbers that equate to 5.8% and 1.67% (SUM=7.47%) but close enough I suppose. In all the rounds of back and forth offers I think the HR woman omitted an edit in the last round. | |
| Jul 7, 2015 at 19:51 | comment | added | user8365 | Did the offer itemize these amounts or just give you the total? That would be misleading. | |
| Jul 7, 2015 at 19:29 | history | edited | jxramos | CC BY-SA 3.0 |
adding another source that makes the distinction
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| Jul 7, 2015 at 19:24 | comment | added | Wesley Long | In today's world, where so many tech workers are 1099 contract employees, they may just be making it explicit that this is a W-2 position, and that the taxes work differently. I've been a contractor, contract employee, and W-2 employee. I know the differences well. Many don't. You see it here where so many contract employees call themselves contractors. If you understand it, there's nothing nefarious. If you don't (theoretical "you"), it may prompt you to ask, and then you'll understand it. Odd? Perhaps. Misleading? No. | |
| Jul 7, 2015 at 19:24 | vote | accept | jxramos | ||
| Jul 7, 2015 at 19:19 | history | edited | jxramos | CC BY-SA 3.0 |
doing the blockquote I couldn't figure out how to do from my mobile device
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| Jul 7, 2015 at 13:46 | answer | added | Joe Strazzere | timeline score: 3 | |
| Jul 7, 2015 at 13:33 | answer | added | enderland | timeline score: 3 | |
| Jul 7, 2015 at 10:39 | answer | added | mhoran_psprep | timeline score: 1 | |
| Jul 7, 2015 at 10:21 | history | edited | user8036 |
added US tag
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| Jul 7, 2015 at 9:42 | answer | added | Lilienthal♦ | timeline score: 0 | |
| Jul 7, 2015 at 8:46 | comment | added | gnasher729 | It is misleading. I doubt that it is illegal in the USA, but certainly misleading. On the other hand, if one company offers $50k + $3100 SS + $702 medicare, and another offers $52K, one candidate choses the first and another choses the second company, then the second company got the more clever employee! | |
| Jul 7, 2015 at 5:23 | comment | added | jxramos | @Justin Cave that's correct in the US. It was always understood this was a permanent position with the company. They were on the counter offer position and may have played this card, which though factual is ultimately nothing special in that every employer pays these 6.2% SS and and 1.45% medicare | |
| Jul 7, 2015 at 5:16 | comment | added | Justin Cave | IRS and FICA implies that this is in the United States, right? Was there potentially some discussion that the position might be a contract position rather than a full-time employee? | |
| Jul 7, 2015 at 5:11 | answer | added | Emerson | timeline score: -1 | |
| Jul 7, 2015 at 5:04 | review | First posts | |||
| Jul 7, 2015 at 9:10 | |||||
| Jul 7, 2015 at 5:00 | history | asked | jxramos | CC BY-SA 3.0 |