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paying tax on renewal bonus??

 
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holydiver



Joined: 08 Feb 2010

PostPosted: Wed Mar 14, 2012 10:38 pm    Post subject: paying tax on renewal bonus?? Reply with quote

this is my 3rd year at the same school (EPIK) so i've renewed twice (4,000,000 won). my administrative office randomly told me today that i owe tax on that money (118,800 won). not a huge amount of money but just wondering if this sounds right?
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Wed Mar 14, 2012 10:41 pm    Post subject: Re: paying tax on renewal bonus?? Reply with quote

holydiver wrote:
this is my 3rd year at the same school (EPIK) so i've renewed twice (4,000,000 won). my administrative office randomly told me today that i owe tax on that money (118,800 won). not a huge amount of money but just wondering if this sounds right?


Sounds high by about 40k won unless you are earning at the top of the pay scales in EPIK.

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