Curious as to whether Xerox Direct Techs IRIF'ed in December got all 8 weeks minus taxes and was it what you thought it would be? Mine came up about 1600 short assuming 8 regular weeks of pay minus 8 weeks of regular taxes
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The IRIF paper work stated there was an additional 22 percent tax on a lump sum payment.
The 2 previous posters are correct in saying the taxes will be quite abit higher. Just checked mine and the taxes are huge compared to a normal 2 week period. You will more than likely get them back at tax time. I will say being away from this sh*t show company has been so nice!!!
You’ll get it back in your tax return. I believe more is withheld on a lump sum. You should learn all your numbers though.
Check your federal and state withholding, you were probably taxed at a higher rate due to your gross pay amount