Apple Tree Yard
I am curious as to how you got that figure. I know you have to co contribute 6.2% up to $97,500US for FICA. I know that you have to co-contribute 1.45% on entire salary for Medicare Levy .
If my understanding is correct you will pay 7.65% up to $97.5K and then 1.45% above that. CX US(onshore company) would be responsible for the the same amount as well. So yes that is a total of 15.3% but both employer and employee pay half. Right?
So just wondering what I am missing here?
Busy B
NIC rates I thought would affect UK freighter pilots around 7% for FOs and just under 5% for CNs. For B pax it would be 5.7% for FOs and 4.4% for CNs. In order to have NO net loss from paying NIC, you need to increase salaries by; for freighters 7.4% for CNs, 12% for FOs; for pax 6.4% for CNs and 9.4% for FOs.
Do you get these sorts of figures mate?
cheers