Monday, December 22, 2008

Saved By the Piggy

Why can't other people just do their work efficiently? I mean, if you were tasked to compute the employees' payroll and their taxes included, why can't you just do it correctly? I dont know if this has happened to other companies too but our accountant in the hospital failed to deduct our withholding taxes for the months of July and August because of adjustments chu-chu with the dependents of the taxpayers. Well, I really am not very knowledgeable when it comes to this. Been telling my sister (who happens to be an accountant) that I'll surely be needing her in the future to manage my finances (as if I really have a lot to count...I'm just being optimistic). Just so to make the long story short, the supposed to be withholding tax for July and August were deducted in my December's salary. Woohoo! Just when I'll be needing the bucks. Hey! It's Christmas! I'm not Uncle Scrooge so my loved ones and friends expect me to be giving them something.

There were rumors that came out that we will be receiving nothing for December. Great! How big will that salary deduction be for the withholding tax? My whole month of pay? Fortunately, got hold of my pay slip. The rumor was all wrong. Well, this is how rumors would run in a hospital I guess. At least I can withdraw some bucks from my ATM. To my surprise though, my withholding tax amounted to 8,+++ bucks! Well, part of it. Another 3,+++ bucks were deducted from my hazard pay. In other words, I paid around 11,+++ bucks for my taxes!

I'm a good citizen! I'm paying my taxes! Congratulations self! Oh, I also would like to share this award to our very efficient accounting department. I made a budget for the month and this included the gifts i have to buy for my inaanaks. Just when I made a budget, I became short of it! Good thing my piggy bank came in handy. Been planning to open it up for Christmas for the past years. Well, my god children will at least receive a little something from me...a piggy bank maybe?


sheng said...

Oh, I have been wanting to open my piggy bank as well, I have to deposit it to the account of my two kids though. Merry Christmas Doc, this is gonna be my last visit to the Net I guess, the holiday rush is coming up to me! Nice meeting you in blogosphere! Cheers to blogging!

AngelMD-No-More said...

sheng: Same here sheng! Merry Christmas to you and your family too!

Garando said...

Two things in life are certain: death and taxes. Sad to say we will have to suck it up and watch as taxes take huge chunks out of our salary and bonuses.
I'm glad that you've got something saved up for the rainy days. :)

AngelMD-No-More said...

garando: should u add the 3rd thing? change.hehe saved up something for the rainy days?hehehe hmmmm if u call those coins as savings, then that's all that i have...hehehe