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WAY underpaid on my first payday
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s.tickbeat



Joined: 21 Feb 2010
Location: Gimhae

PostPosted: Wed Sep 15, 2010 4:41 am    Post subject: WAY underpaid on my first payday Reply with quote

I got paid today, and I'm sitting about 700 000 short AFTER deductibles. Is there some deductible that I'm missing?

so 2.1 mil salary
- 6% health
- 6% pension
- 150 000 bills

So all in all 2 100 000 - 450 000 = 1 650 000

PLUS 17 500 x 25 hours (1 week's work outside of the month period, my first week) = 437 500.

So my pay SHOULD be closer to 2 000 000, but it's 1 350 000. . . is there a deductible that I'm missing? And, what should I do if I've really just been slighted?

Help please! ;__;
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lprice001



Joined: 13 Sep 2010

PostPosted: Wed Sep 15, 2010 4:43 am    Post subject: Reply with quote

3% on taxes? I am not sure, but I thought I might throw that one out there.
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s.tickbeat



Joined: 21 Feb 2010
Location: Gimhae

PostPosted: Wed Sep 15, 2010 4:48 am    Post subject: Reply with quote

sooo 2 000 000
- 3% taxes

should come to. . . 60 000.

so 1.94 mil. ?
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schwa



Joined: 18 Jan 2003
Location: Yap

PostPosted: Wed Sep 15, 2010 4:49 am    Post subject: Reply with quote

Ask your school?
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InDaGu



Joined: 28 Jun 2010
Location: Cebu City, Philippines

PostPosted: Wed Sep 15, 2010 4:50 am    Post subject: Reply with quote

Yeah, taxes wouldn't account for that much. Did you work a full month? Is there any kind of stipulation in your contract about deductions for the deposit on your apartment?
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singerdude



Joined: 18 Jul 2009

PostPosted: Wed Sep 15, 2010 4:50 am    Post subject: Reply with quote

6% is too much for both health and pension. Your medical should only be 2.25%, and your employer matches that. Your pension is a bit higher at 4.5%, again with your employer matching it. Most employers take out 3% in taxes, although technically that figure should be lower, but maybe not worth fighting over 1%. 150,000 in various bills might be ok, assuming that they are for electricity, water, tv, and a cell phone. It could reach 150k, if you use the air conditioner and phone a lot.
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OculisOrbis



Joined: 17 Jul 2006

PostPosted: Wed Sep 15, 2010 4:58 am    Post subject: Reply with quote

....and dont let them deduct bills from your paycheque. if you have to pay them for the bills instead of paying the bills directly by yourself, make them show you the bills before you pay them in cash AND get a receipt specifying the date, the amounts and for which bills - every time.

your tax rate will be 2% or slightly less than that.

and health rate is a little higher than 2.25%. its closer to 2.6%.

your one weeks work outside your first pay month should be calculated by dividing your regular monthly salary by the number of days in the month to get a daily rate and then multiplying by the number of days that you worked --- or the way they did is ok if it works out to be more that way, but the previous method described is how the labor board would calculate it.
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sulperman



Joined: 14 Oct 2008

PostPosted: Wed Sep 15, 2010 5:20 am    Post subject: Reply with quote

I've got a guess.

Did you start about a month ago? Do you get paid on the 10th of the month or something like that? Many hagwons do that. And they pay you for the previous month. For example, if you got paid on September 10th (or whatever) that pay would only be for the time worked in August, not the days from September 1st to the 10th. You would be payed October 10th for all of September, and so on.

Just a guess, as I don't know what how your school does it. Check you contract and see if that is it. Or is there a housing deposit in your contract? that could be it too.
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Justin Richard



Joined: 09 Sep 2010

PostPosted: Wed Sep 15, 2010 5:22 am    Post subject: Reply with quote

The bottomline is how much net pay the school will pay on the last day of the month. Unless you are able to earn at least the same amount of your monthly salary by teaching privates or part-time outside of the school this type of work is not worth the effort.

National Pension: Both the school and the you each pay an equal amount of the required 9% contribution. The school deducts 4.5% from the employee�s wage and must make the matching 4.5% contribution payment at the same time.

Health Insurance is 5.33% which is shared 50/50 between you and the school.

Income Taxes should be not more than 3.3%
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s.tickbeat



Joined: 21 Feb 2010
Location: Gimhae

PostPosted: Wed Sep 15, 2010 5:26 am    Post subject: Reply with quote

Alright, I started work on August 9th, payday is August 15th. I'm ASSUMING that I'm being paid for August 15th to September 15th. . . however, I just did my calculations and 21 days x 17 500 comes close to my pay. I think that resolves the issue! (one month being the month of august)
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Troglodyte



Joined: 06 Dec 2009

PostPosted: Wed Sep 15, 2010 8:22 am    Post subject: Reply with quote

Why don't you just ask the boss to itemize your salary and deductions? It will probably take all of 5 minutes. If there's something wrong, you can point it out.
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oldfatfarang



Joined: 19 May 2005
Location: On the road to somewhere.

PostPosted: Wed Sep 15, 2010 4:17 pm    Post subject: Reply with quote

OP. Many salary problems can be avoided by asking for an intemised pay slip - EVERY PAYDAY.

I ask my school for a payslip - every month. The payslip lists all income, deductions and also has their name, business number, and official signature stamp (red stamp ink characters).

Some schools don't like doing this (shady with tax/pension/medical etc), but just tell them you need an official monthly record for your countries tax dept.

Works for me. I had a hagwon boss who was cheating me with a higher tax rate - and then pocketing my tax deductions. Those payslips sure came in handy when we were talking to the Korean Tax Dept about me getting a refund.

Good luck.
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TheUrbanMyth



Joined: 28 Jan 2003
Location: Retired

PostPosted: Wed Sep 15, 2010 4:24 pm    Post subject: Reply with quote

Justin Richard wrote:
The bottomline is how much net pay the school will pay on the last day of the month. Unless you are able to earn at least the same amount of your monthly salary by teaching privates or part-time outside of the school this type of work is not worth the effort.

National Pension: Both the school and the you each pay an equal amount of the required 9% contribution. The school deducts 4.5% from the employee�s wage and must make the matching 4.5% contribution payment at the same time.

Health Insurance is 5.33% which is shared 50/50 between you and the school.

Income Taxes should be not more than 3.3%



If income taxes are at 3.3% then you are very likely listed as an independent contractor (whether that is legal in your situation or not) and pension and health care come out of your own pocket 100%.
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Ramen



Joined: 15 Apr 2008

PostPosted: Wed Sep 15, 2010 5:01 pm    Post subject: Reply with quote

Just go ask your boss to explain first. Razz
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balzor



Joined: 14 Feb 2009

PostPosted: Wed Sep 15, 2010 5:17 pm    Post subject: Reply with quote

OculisOrbis wrote:
....and dont let them deduct bills from your paycheque. if you have to pay them for the bills instead of paying the bills directly by yourself, make them show you the bills before you pay them in cash AND get a receipt specifying the date, the amounts and for which bills - every time.

your tax rate will be 2% or slightly less than that.

and health rate is a little higher than 2.25%. its closer to 2.6%.

your one weeks work outside your first pay month should be calculated by dividing your regular monthly salary by the number of days in the month to get a daily rate and then multiplying by the number of days that you worked --- or the way they did is ok if it works out to be more that way, but the previous method described is how the labor board would calculate it.
THIS and keep your own ledger on everything you have to pay for and give them money for and make them sign it so you have an accurate count of everything. bad Hagwon owners are known for hitting you with "extra bill we did not have" randomly
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