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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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<p>[QUOTE="Sequoia, post: 3351963, member: 53978"]Hey guys and gals, I've got a finances question here.</p><p>I've been looking at my settlements recently and figuring out how much more or less I would be making if I wasn't getting per diem taken out. So I pulled up one settlement and took the total miles for one particular trip and calculated the regular non per diem amount. Then I subtracted my current base rate (on per diem) and then subtracted the per diem rate. In one trip I would have made $62 more. On another trip I would have made $20 more. (now mind you I was looking at individual trips on one particular pay check so on this one in particular I would have made at least $82 more, plus the other 2 trips that were on that particular check that)</p><p><br /></p><p>But my question to you is, if I stop per diem, how much more in taxes will be taken out? Will I still be coming out ahead or will the taxes off-set the extra I would have made?[/QUOTE]</p><p><br /></p>
[QUOTE="Sequoia, post: 3351963, member: 53978"]Hey guys and gals, I've got a finances question here. I've been looking at my settlements recently and figuring out how much more or less I would be making if I wasn't getting per diem taken out. So I pulled up one settlement and took the total miles for one particular trip and calculated the regular non per diem amount. Then I subtracted my current base rate (on per diem) and then subtracted the per diem rate. In one trip I would have made $62 more. On another trip I would have made $20 more. (now mind you I was looking at individual trips on one particular pay check so on this one in particular I would have made at least $82 more, plus the other 2 trips that were on that particular check that) But my question to you is, if I stop per diem, how much more in taxes will be taken out? Will I still be coming out ahead or will the taxes off-set the extra I would have made?[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Good & Bad Trucking Companies
>
Experienced Truckers' Advice
>
Going from Per Diem to regular pay
>
Reply to Thread