Read 1493 times

How much is the epik/smoe renewal bonus taxed?
« on: April 25, 2013, 07:03:47 am »
So for the past two paychecks my deductions have seemed very high. A total of 450,000 a month to cover tax, health, pension and lunch. The reason for this is a much higher tax than usual ( around 170,000 compared to he usual 70,000). My school tells me this extra tax is because of the contract renewal bonus I recieved at the end of february. So on a 2million won bonus I've paid around 200,000won in extra tax. At 10%  this seems way too high. Has anyone else experienced similar deductions in their last two paychecks? Advice will be much appreciated.


  • newb
  • Newgookin

    • 0

    • November 20, 2012, 10:38:27 am
    • South Korea
Re: How much is the epik/smoe renewal bonus taxed?
« Reply #1 on: April 25, 2013, 07:11:24 am »
Get your detailed pay slip.  Discuss it with your co-t and school accountant until you fully understand your deductions.
HEY CAN YOU FILL THE OIL AND CHECK THE GAS PLEASE!!!!


  • Maureen
  • Veteran

    • 191

    • October 27, 2010, 11:48:32 am
Re: How much is the epik/smoe renewal bonus taxed?
« Reply #2 on: April 26, 2013, 08:00:58 am »
My deductions for the past 2 paychecks have been just as high as you. I'm also confused because at this rate, I'm making the same as I was last year...
I asked the administration office about this and since they don't know English well, they just told me the health insurance and tax rate went up. But how can it increase by 100%?
Should I demand a pay slip? Will this come off as I not trusting them? And my friends in other schools are not being deducted this much. I told them that and they just said it varies from schools..


Re: How much is the epik/smoe renewal bonus taxed?
« Reply #3 on: April 26, 2013, 08:17:37 am »