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Chris33166
Joined: 16 Jan 2012
Posts: 9
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 Posted: Sun Oct 22, 2017 10:42 am Post subject: Taxes - calculated each month or averaged over a year? |
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Hi everyone,
I've just been asked to renew at my university, and will enter negotiations late next week.
I'm currently paid 10 months/year. I'm a bit unclear on how taxes are calculated... it kind of seems like it is done on a month-by-month basis, rather than averaged out over the year. If it is done month-by-month then it seems clear that having the salary paid out over 12 months is the right way to go.
Core question: I'm wondering if there are tax advantages to being paid over 12 months versus 10 months.
Any info regarding this is highly appreciated! |
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The bear
Joined: 16 Aug 2015
Posts: 483
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| Posted: Sun Oct 22, 2017 11:21 am Post subject: Re: Taxes - calculated each month or averaged over a year? |
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| Chris33166 wrote: |
Hi everyone,
I've just been asked to renew at my university, and will enter negotiations late next week.
I'm currently paid 10 months/year. I'm a bit unclear on how taxes are calculated... it kind of seems like it is done on a month-by-month basis, rather than averaged out over the year. If it is done month-by-month then it seems clear that having the salary paid out over 12 months is the right way to go.
Core question: I'm wondering if there are tax advantages to being paid over 12 months versus 10 months.
Any info regarding this is highly appreciated! |
It's always been taxed monthly for me, and other people I know. I don't think you get to choose how you're taxed, it just comes out of your pay before you see it. |
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