LogFAQs > #937139360

adjl posted...

It's not, as I understand it. You get the full amount regardless of tax bracket, then any taxes you owe on it you'll have to pay back next year. It makes sense, since calculating every applicant's taxes would slow down the process dramatically and the whole point of this is to get people their money asap, but it does mean you'll have to be diligent about how much of it you spend.

I thought taxes were based on income in real-time. So if the amount is $2,000, then the taxes should all be the same.

By real-time, I mean theyre calculated to the minute, technically, each pay period (especially when overtime pay is a factor, or you missed a day) versus taxing you once on the total amount you made in a year.

And if we dont work this year, how are they expecting us to pay that back?

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C was right.