For assistance, problems or questions, please email us.
Page History
...
**If you receive other advances throughout the year, they will be reflected in the YTD amount.
Allowance Advance - International Allowance (formerly Bonuses)Submissions
Situation:
You have a large expense that you need additional funds to cover, so you request an International Allowance. The amount is more than the cash you have on hand or than you can float on a credit card, so you need the funds before the next pay date. So On the Intl Allowance form, you request your allowance the funds to be advanced.
Example:
A worker finds the perfect vehicle on Oct. 27 for just over $5,000. She needs the funds to pay cash for the vehicle before it is sold to someone else, so she requests the advance to be paid on Oct. 31, instead of waiting until the next paycheck.
...
B: Total bonus amount, after buffer for taxes were added.*
C: Net pay on November 15**
*The total bonus amount will be deducted from the MTD account once it appears on the paystub (not when it is advanced).
**Even with the tax buffer, the net pay on this check was about $1,000 less than this employee normally nets on payday. Usually when you request a large bonus, you will pay a greater percentage of federal income tax on the bonus and on your normal salary. Depending on other earnings, it is likely you will recoup much of this when filing taxes the next year.
...
