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What does T.F.B. on my paycheck stub mean?

Posted on 1/3/12 at 1:26 am
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68252 posts
Posted on 1/3/12 at 1:26 am
it's on my check for paying me 100 dollars.


then it takes it away, after i pay taxes on it? never seen it before.


This post was edited on 1/3/12 at 1:29 am
Posted by Zantrix
Parts Unknown
Member since Nov 2009
7940 posts
Posted on 1/3/12 at 1:28 am to
Too fricking Bad?
Posted by I Love Bama
Alabama
Member since Nov 2007
37687 posts
Posted on 1/3/12 at 1:28 am to
Taxable Fringe Benefit
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68252 posts
Posted on 1/3/12 at 1:29 am to
quote:

Taxable Fringe Benefit



ok, but what does this mean? how does boosting my income help my taxes?
Posted by I Love Bama
Alabama
Member since Nov 2007
37687 posts
Posted on 1/3/12 at 1:30 am to
Posted by LSUIEGRAD13
Member since Jan 2011
3939 posts
Posted on 1/3/12 at 1:30 am to
HR director is your friend.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 1/3/12 at 1:33 am to
Do you have insurance? Some insurance pay back each year. And yes, its taxable as earn income.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68252 posts
Posted on 1/3/12 at 1:42 am to
quote:

HR director is your friend.





yeah we are actually pretty good friends. however, not close enough for me to call him at 1:30 in the am for this question, which is why i asked the ot
Posted by tjohn deaux
GA
Member since Feb 2007
10170 posts
Posted on 1/3/12 at 6:43 am to
if you have received a benefit of any kind, typically it is like a safety award, service award, something other than money, you still have to pay taxes on it, so they will add the $ value to your check, tax your check, then remove the dollar value back from your check. I have asked my company to notify employees when that is going to happen, but I was informed that they don't have to.
Posted by SLC
Hiwasse, AR
Member since Oct 2007
15522 posts
Posted on 1/3/12 at 6:49 am to
I wonder if my company truck is treated in this manner? There is an in and out for it.
Posted by LSU Coyote
Member since Sep 2007
53390 posts
Posted on 1/3/12 at 6:51 am to
Sound like a benefit.

Why not contact your HR instead of asking the OT?

We don't work for the same company.
Posted by Schwartz
Member since Nov 2006
27097 posts
Posted on 1/3/12 at 6:51 am to
Posted by LCA131
Home of the Fake Sig lines
Member since Feb 2008
72582 posts
Posted on 1/3/12 at 6:54 am to
Hello friend...How were your holidays?

on topic...no clue...I haven't recvd a paycheck in many years...
Posted by Shalimar Sid
Member since Feb 2005
9244 posts
Posted on 1/3/12 at 7:05 am to
Almost everyone is correct, it is a Taxable Fringe Benefit

quote:

A fringe benefit is a form of pay (including property, services, cash or cash equivalent) in addition to stated pay for the performance of services. Some forms of additional compensation are specifically designated as “fringe benefits” in the Internal Revenue Code; others, such as moving expenses or awards, have statutory provisions providing for special tax treatment but are not so designated by the Code. This publication uses the term broadly to refer to all remuneration other than stated pay for which special tax treatment is available. The definition of fringe benefits applies to services of employees and independent contractors; however, unless otherwise indicated, this guide applies to fringe benefits provided by an employer to an employee.
Posted by hawkster
Member since Aug 2010
6227 posts
Posted on 1/3/12 at 7:58 am to
Is the cruise on that TFB followed by Typical Frat Buttsecks?
Posted by Schwartz
Member since Nov 2006
27097 posts
Posted on 1/3/12 at 8:31 am to
I'm glad someone figured out what I was going for.
Posted by Putty
Member since Oct 2003
25479 posts
Posted on 1/3/12 at 8:54 am to
quote:

it's on my check for paying me 100 dollars.


AUTOMATED MESSAGE: Your OT posting priviliges are currently under review.
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Posted by bowcheck
Member since Jan 2014
1 post
Posted on 1/23/14 at 9:31 am to
I received a Christmas Bonus from the company. TFB on the stub reflects the bonus amount.
Posted by weskarl
Space City
Member since Mar 2007
5635 posts
Posted on 1/23/14 at 9:31 am to
Trust Fund Baby. Congrats blueblood.

ETA wtf bump
This post was edited on 1/23/14 at 9:34 am
Posted by I Love Bama
Alabama
Member since Nov 2007
37687 posts
Posted on 1/23/14 at 9:34 am to
quote:

I received a Christmas Bonus from the company. TFB on the stub reflects the bonus amount.


1st post by bumping a two year thread? WTF
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