@AmyC
Hi again, just adding to the last comment I left a few hours ago.
I examined my final paystubs from two employers and noticed these things:
- Both classify PFML under "taxes" rather than "deductions", even though it is an insurance premium rather than an actual tax.
- Both employers subtracted ~0.439% of my gross wages for these premiums (my 73.22% share of the 0.6% total premium), indicating it is pre-tax. However, they state it did not reduce my taxable income, possibly due to the classification (above), which makes it sound more like post-tax. I would like to know your thoughts on this - how is it actually classified?
- From what I can tell, everything listed under Taxes appears to be based off of the same total gross wage amount of each paycheck.
I'm guessing the confusion lies with it being listed as a Tax instead of a Deduction? And it's calculated on a pre-tax basis, but does not reduce taxable income.
Based on this new information and my last response, how would you classify it and how do you think I should proceed?
THANK YOU
