Q&A

Can a company take money from you?

Can a company take money from you?

Here’s the short answer: employers can deduct anything allowed by the law, anything allowed by an agreement with the employee, or anything needed to cover the value of things taken by the employee. These agreements must be in writing and employees can usually revoke the agreement and stop the deduction.

Can a employer take money out of your pay?

In general, employers can’t take your money to cover the cost of damage to the employer’s property. Of course, if you signed a written agreement allowing it, they can. Employers can discipline you for your behavior in the workplace, but they can’t just take money out of your pay. So what can you do if your employer tries to take your money?

What happens if my employer pays me too much?

Your employer may make a mistake and pay you too much. Your employer only has to pay you for the time you worked. If your employer overpays you she can take it out of another paycheck in the future. But she still has to pay you minimum wage in each check.

What to do if your employer says you owe them money?

Your employer could say you owe them money for things like: contractual maternity pay – this is extra pay which often has conditions about returning to work for a certain time after maternity leave Check your contract or any other written agreements to see what they say about when you’ll owe your employer money if you leave your job.

When do you have to pay back money to an employer?

When you leave a job, your employer can only ask you to pay back money if it’s for something you’ve specifically agreed to in writing. Even if you do owe your employer money, they can only take it from your pay if there’s a written agreement to say they can.

In general, employers can’t take your money to cover the cost of damage to the employer’s property. Of course, if you signed a written agreement allowing it, they can. Employers can discipline you for your behavior in the workplace, but they can’t just take money out of your pay. So what can you do if your employer tries to take your money?

Can a company take the money back from an overpaid employee?

Yes, if you are overpaid, your employer has the legal right to take back the full amount. What happens if your employer accidentally overpays you? The Federal Labor Standards Act (FLSA) gives legal rights to every company in the state to take back an overpayment from an employee, no matter the consequences. Can an ex-employer claim overpaid wages?

Is it illegal for an employer to take money back?

However, I believe it is probably illegal for an employer to engage in “self-help” measures, by withdrawing monies that were deposited correctly, but now the employer believes it would like to take those monies back to reimburse itself for other items it claims it is owed.

What kind of taxes do I have to pay as an employee?

Understanding Employment Taxes 1 Federal Income Tax. Employers generally must withhold federal income tax from employees’ wages. 2 Social Security and Medicare Taxes. 3 Additional Medicare Tax. 4 Federal Unemployment (FUTA) Tax. 5 Self-Employment Tax.