Yes that is 100% correct. For example. Pay stub gross pay was $4500, net was $3200. The actual cheque that I deposit to my bank was $5220.
How much do container haulers make? Would like real numbers.
Discussion in 'Experienced Truckers' Advice' started by SteveScott, Oct 13, 2021.
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SteveScott and kylefitzy Thank this.
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Your gross amount is the total that the company is paying you. That gross is the number that gets reported to the IRS as your gross income and that is the number that your employer reports to the IRS that he paid you as your gross income, and that is the number that all of your deductions come from.
So unless he has customers paying him in cash, or perhaps if he has another cash business, this makes no sense, and it is illegal.
You and he both are going to be in a lot of trouble if you get caught up in whatever scheme he's doing.
When the IRS has the new authority to look in your bank accounts you may all be going to jail. If you think the IRS will not retroactively look into your bank accounts, think again.
Not being smart at all, but are you hauling drugs or something?
Someone enlighten me because I'm about out of ideas as far as that goes.SteveScott Thanks this. -
It could be his boss his paying him per diem because it sounds very similiar to how I was paid at Schneider. Granted it was mileage pay but they would split off $xx/mi from the gross and not tax it. So my net was almost always higher than my gross. So basically if I did 3000 miles at .50/mi they would pay .35x3000 (gross and taxed) and .15x3000(per diem and not taxed). Net would have been $1050-taxes + $450 per diem. Kinda sounds like what is going on here but at % of linehual.
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That’s all almost as believable as a company driver taking home $250k a year hauling cans locally. Like most truck drivers, if they aren’t showing you pay stubs when they are talking about their pay, they’re lying.roshea Thanks this. -
Last edited: Oct 25, 2021
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