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a long winded severance problem!
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Mankind



Joined: 18 Jan 2003

PostPosted: Tue Nov 23, 2004 6:09 am    Post subject: Reply with quote

Quote:
Your taxes for a year at 2.0 mil a month should come out to about 1.0 mil.
3-5% Low end 720,000.....high end 1,200,000


This lie has been going on for way to long now.

Simplified tax withholding laws apply to all Hagwons. The 3% shit is for business income not a salaried teacher.

Here are your monthly salaries and tax.

1,600,000 - 1,610,000 20,940
1,700,00 - 1,710,000 25,480
1,800,000 - 1,810,000 30,550
1,840,000 - 1,850,000 32,410
1,900,000 - 1,910,000 35,510
1,950,000 - 1,960,000 37,990
2,000,000 - 2,010,000 40,670
2,100,000 - 2,110,000 45,710
2,200,000 - 2,210,000 55,260

Take that to the bank.

HAND Smile
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chronicpride



Joined: 16 Jan 2003

PostPosted: Tue Nov 23, 2004 6:17 am    Post subject: Reply with quote

If you listen closely, you can hear the sound of Gord's pen, as he feverishly writes down the URL to this thread for future easy reference, for use in the midst of the next battle royale with Grotto. Wink
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Gord



Joined: 25 Feb 2003

PostPosted: Tue Nov 23, 2004 8:41 am    Post subject: Reply with quote

Mankind wrote:
This lie has been going on for way to long now.


You shouldn't have done that. Grotto gets quite angry when you suggest he is wrong, and super-crazy-same-sex-love-letter-angry when you demonstrate he is wrong.

Just a friendly FYI.

Quote:
As for Gord and Grotto's arguement, it's simple.

The school can pay the severence monthly, as long as it is stated up front in the contract. If it's not, no dice. Very simple. Didn't read much of the arguements but thems the facts. So horray for whoever just won.


That's why we are neighbors. We're on the same page.
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Grotto



Joined: 21 Mar 2004

PostPosted: Tue Nov 23, 2004 2:31 pm    Post subject: Reply with quote

only because you posted on the same page!

According to the OP there was no mention of the severance being included in his salary so my original comment still stands.

Tell you boss so sad, too bad. By law he has to pay severance.
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prairieboy



Joined: 14 Sep 2003
Location: The batcave.

PostPosted: Tue Nov 23, 2004 4:19 pm    Post subject: Re: the latest Reply with quote

rhian wrote:
so, i met with the director.

he says he will be paying my severance.


Apparently, the problem has been resolved.

rhian wrote:

he is taking me to the tax office next week to see how much I owe and will be deducting that amount from my severance.


The witholding tax on the Severance payment is calculated differently, so the simplified witholding tax might not be accurate. For the yearly taxes, though it probably doesn't make much difference. You may end up owing a small amount or you may get a slightly larger refund depending on whether your director was deducting the proper amount of tax from your pay throughout the year.

rhian wrote:

i got him to put this in writing and sign it and he was "very upset" and gave me a speech about how "not all koreans are devils" and how i'd "angered him with my lack of trust".


Are you paid by bank transfer to your account or in cash? Do you receive a pay slip/earnings statement with your pay?

Hopefully you are paid by bank transfer and get an earnings statement. This combined with the agreement you got your director to sign will go a long way to proving your case should he fail to pay your severance as promised. That is, you will have evidence to present to a judge if you end up having to go that route.



Goodluck again.

Cheers
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Gord



Joined: 25 Feb 2003

PostPosted: Tue Nov 23, 2004 6:14 pm    Post subject: Reply with quote

Grotto wrote:
only because you posted on the same page!

According to the OP there was no mention of the severance being included in his salary so my original comment still stands.

Tell you boss so sad, too bad. By law he has to pay severance.


She said severance was being bundled into the salary in the first post of the thread:

"... but instead upping my salary of 1.9 p/m to 2 mill, thereby inc the severance in the wage"

http://www.eslcafe.com/forums/korea/viewtopic.php?p=426517#426517

Seventh paragraph, plain as day.

The poster was expecting her severance on top of what she was making now the director was claiming he was already receiving it in the salary which you had incorrectly claimed was illegal. At no point was anyone claiming that the severance was simply not to be paid.
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Grotto



Joined: 21 Mar 2004

PostPosted: Tue Nov 23, 2004 9:22 pm    Post subject: sigh Reply with quote

Quote:
M & M at the recruiters now say that my boss had told them he would not be paying severance, but instead upping my salary of 1.9 p/m to 2 mill, thereby inc the severance in the wage.


No gord! Once again you have misquoted. She clearly says that her boss told the recruiters that he would be including the severance in her salary. There is no mention of it in her contract nor did she know about it beforehand!

As it is not mentioned in her contract it is irrelevant. Like your posts!
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rhian



Joined: 22 Jan 2004

PostPosted: Sun Nov 28, 2004 12:39 am    Post subject: Reply with quote

yup, paid directly in to my bank.

nope, no pay slips.

i'd like to know where that info re the tax amounts was drawn from...?

could be pretty useful in saving me a trip to the tax office.
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Grotto



Joined: 21 Mar 2004

PostPosted: Sun Nov 28, 2004 3:56 am    Post subject: Reply with quote

mankind said
Quote:
Here are your monthly salaries and tax.

1,600,000 - 1,610,000 20,940
1,700,00 - 1,710,000 25,480
1,800,000 - 1,810,000 30,550
1,840,000 - 1,850,000 32,410
1,900,000 - 1,910,000 35,510
1,950,000 - 1,960,000 37,990
2,000,000 - 2,010,000 40,670
2,100,000 - 2,110,000 45,710
2,200,000 - 2,210,000 55,260

Take that to the bank.
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rhian



Joined: 22 Jan 2004

PostPosted: Sun Nov 28, 2004 7:07 pm    Post subject: Reply with quote

I could do with a source to quote from that would stick better than "a guy on daves esl".

Is it from a government website, for example?
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Grotto



Joined: 21 Mar 2004

PostPosted: Sun Nov 28, 2004 7:51 pm    Post subject: Reply with quote

its from efl-law

heres the link courtesy of Mankind

http://www.efl-law.com/tax.html
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prairieboy



Joined: 14 Sep 2003
Location: The batcave.

PostPosted: Sun Nov 28, 2004 8:16 pm    Post subject: Reply with quote

You could always go straight to the source and check your monthly withholding tax on the National Tax Services website.

http://www.nts.go.kr/eng/default.html

Click on "Check your montly withholding tax"

Enter your salary in 1000's of õ ��.

For example: 2,000,000 would be entered as 2000 õ�� and would require 33,870�� withholding tax.

Cheers
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rhian



Joined: 22 Jan 2004

PostPosted: Mon Nov 29, 2004 2:05 am    Post subject: Reply with quote

excellent, thanks. i will produce these facts for the boss 2moro and see what he says!
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kelly



Joined: 31 Jan 2003
Location: Seoul

PostPosted: Mon Nov 29, 2004 7:04 am    Post subject: Reply with quote

I ended up in the same situation, boss said he had been paying my tax for the year, and wanted to deduct it from my severance pay. I ended up paying tax close to 1.2million, which sucked but guess it was my own stupidity not to wonder why I hadn't paid tax all year. Guess you're going to have to pay the tax and then hopefully you'll get the remaining amount......anyhow good luck with it!!
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rhian



Joined: 22 Jan 2004

PostPosted: Wed Dec 01, 2004 3:01 am    Post subject: Reply with quote

yes, i am sure many people have faced the same troubles and been screwed over in the past. shame there's no firm rule book that all teachers get referred to before departing on their esl adventures.
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