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semphoon
Joined: 18 Nov 2005
Location: Where Nowon is
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 Posted: Wed Jan 24, 2007 4:08 pm Post subject: Health 1.5 % Tax 5 %? |
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Hi,
Started a great new job. Im on 2.5 for working 2-8pm. However in the contract, health insurance is taken at 1.5% and tax is taken as 5%. Is this right?
I have been told that tax should be about 3.3.
Any help on this? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Jan 24, 2007 4:27 pm Post subject: Re: Health 1.5 % Tax 5 %? |
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| semphoon wrote: |
Hi,
Started a great new job. Im on 2.5 for working 2-8pm. However in the contract, health insurance is taken at 1.5% and tax is taken as 5%. Is this right?
I have been told that tax should be about 3.3.
Any help on this? |
Medical insurance is 2.48%, pension is 4.5% and (depending on your deductions) tax is about 1.7-2%.
Something does NOT smell good about your contract. |
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ChuckECheese
Joined: 20 Jul 2006
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| Posted: Wed Jan 24, 2007 4:28 pm Post subject: |
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It's not right. The medical insurance should be around 2.4% and your tax should be around 2%. And what about your pension? Pension should be 4.5%
5% tax is way way too much. |
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semphoon
Joined: 18 Nov 2005
Location: Where Nowon is
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| Posted: Wed Jan 24, 2007 4:35 pm Post subject: |
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Thanks or the help.
Can anyone point me towards a webpage where I can show my boss the tax issue?
(typing fast sorry for mistakes). |
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ChuckECheese
Joined: 20 Jul 2006
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| Posted: Wed Jan 24, 2007 4:52 pm Post subject: |
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Here you go.
http://www.nta.go.kr/eng/default.html
click on the "Check your monthly with holding" and type in "2500" since it's in thousands.
Your tax withholding is 70,790 won per month. |
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newintown
Joined: 01 Jan 2007
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| Posted: Thu Jan 25, 2007 4:34 am Post subject: |
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| sorry to geg in on your post, but i cant for the life of me extract any information from that website. i keep getting pop ups in korean. can someone please advise me how much tax i should be paying per month with earnings of 2.1m won. thank you! |
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thaitom
Joined: 08 Feb 2003
Location: Phopphra, Thailand
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| Posted: Thu Jan 25, 2007 4:44 am Post subject: |
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On 2.1 m. tax is 33,430.
The website is totally in English and easy to use. |
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newintown
Joined: 01 Jan 2007
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| Posted: Thu Jan 25, 2007 5:40 am Post subject: |
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thanks for that. i have used the website, and it was fine up until i entered my earnings & hit check & i just got a pop up in korean.
now i've just gotta pluck up the courage to challenge the big D about it. |
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thaitom
Joined: 08 Feb 2003
Location: Phopphra, Thailand
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| Posted: Thu Jan 25, 2007 5:53 am Post subject: |
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| Use this number, 02 397 1436 this will get you a Mr.Kim (don't laugh) at the tax office. I used him the very first day I arrived at my job ,had my Boss talk to him on the phone he backed me up told them I am suppose to pay 1.6% instead of the 4% they wanted and it worked. |
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newintown
Joined: 01 Jan 2007
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| Posted: Thu Jan 25, 2007 6:06 am Post subject: |
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| ah, cheers for the advice. am terrified at the prospect. not been in school long, and other foreign teachers my 'managers' wouldn't dare put a foot wrong, so i know my dispute will go down like a tonne of shit. |
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kprrok
Joined: 06 Apr 2004
Location: KC
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| Posted: Thu Jan 25, 2007 3:09 pm Post subject: |
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Similar question...My co-workers were told yesterday that the health insurance was going up from 2.24% to 2.3% starting soon, but they don't know when. Anyone else heard of that?
KPRROK |
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