wooden nickels
Joined: 23 May 2010
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 Posted: Wed Mar 23, 2011 8:10 am Post subject: |
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| tehdee wrote: |
| OculisOrbis wrote: |
They should NOT be withholding that much. If they want to claim you are a contractor (youre not), they should withhold ONLY 3.3% for your tax. At tax settlement time (most employers do it in Feb.), they will determine your refund or if you have to pay a little more to settle your taxes for the previous year.
Also, please call the health and pension offices and make sure that your employer actually enrolled you AND is submitting your deductions - not just pocketing them. Make sure you also ask what salary you were enrolled at. Many employers will report your salary as being much lower (50% or less) so they can use your deduction to pay for their share as well.
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id be fine with them claiming me as a contractor, as there is a private insurance plan for the company--- but then they wouldnt need to contribute pension. theyve agreed to contribute to pension (match my 4.5%), but they still want me to be an independent contractor.
i should have stated this earlier, but there is no malicious intent on the part of this company. it is one the largest educational textbook publishers in asia. my 2.3 and change/month means squat to them. they are not trying to scam me, they are just trying to figure out how to accomodate their NETs as far as pay is concerned. this is the first month of the first year of the first session ever offered at this particular institute. my director is totally transparent and going to bat for us in a big way against the company's financial department.
plus the hours are cake, the school is incredible and its a great gig.
id rather figure this out the honorable way as opposed to night running. |
I have been in Korea for a long time. My wife and I own a foreign language school. We employee people. I/we know the laws. You are being scammed. They are laughing all the way to the bank. You have been warned! |
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