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titleWhy wasn't I paid more? My account statement shows a higher balance.

The amount of money raised in MTD goes toward much more than just a missionary's take-home pay.

Example:

  • In January, $3,000 comes into the account you are responsible for.
  • $360 goes toward the Admin fee
  • $21 goes toward credit card transaction fees (this amount varies based on giving by credit card)
  • $400 goes toward your insurance coverages

This leaves you with a $2,219 ending balance available for next month's payroll (before taxes).

Of that $2,219 ending balance:

  • $342 goes toward FICA ($171 for the employee portion and $171 for the employer portion)
  • $100 goes toward federal taxes
  • $40 goes toward state taxes

This leaves you with $1,747 paid into your bank account on payday.


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titleWhy has my bank deposit has been lower for a few months?

There are lots of factors that impact net pay. Look at your last "normal" paystub and your most recent pay stub. Here are a few things to look for on your pay stub and why they might change:


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titleA new or different 401(k) deduction


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titleA new or different HSA deduction
  • If it is January, you increased your HSA during Open Enrollment.
  • If you are newly eligible or had a qualifying event, you filled out a Cafeteria Form.


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titleNew or different benefit premium deduction
  • If it is January, you changed your coverage during Open Enrollment.
  • If you are newly eligible or had a qualifying event, you changed your coverage.


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titleMore taxes were withheld
  • Tax tables adjust each January, changing the calculations for tax withholding.
  • You submitted a new W4.
  • You moved to a new address with different taxes.
  • Your gross pay is higher for some reason. See the FAQ about higher taxes for more details. 


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titleA new or higher than normal short check amount
  • If you are newly eligible or had a qualifying event, your benefit expenses increased, and there are fewer funds available for your paycheck. 
  • If it is January, premiums increased or you changed your coverage, and there are fewer funds available for your paycheck.
  • A donor or church missed a gift. Reach out to your liaison if you need help looking through gift activity for the previous month.