When you cancel GAP insurance mid-term, the refund is almost never “half the premium for half the months left.” Contracts specify a refund method, most often pro rata or an actuarial schedule related to the Rule of 78s. Knowing the difference helps you spot an underpaid ref…
GAP insurance (Guaranteed Asset Protection) pays the difference between your car’s actual cash value and what you still owe if the vehicle is totaled or stolen. Many buyers add it at the dealership and finance it into the loan. If you pay off early, refinance, sell, or total t…
A blended overtime rate (also called a weighted-average regular rate) is how many employers correctly pay FLSA overtime when you work at more than one hourly rate in the same workweek, or when shift differentials and similar premiums change what you earn hour to hour. Instead o…
Form W-2 Box 12 is where employers report special wage amounts using letter codes. Code TT is the overtime-related Box 12 code workers look for when federal rules require separate reporting of qualified overtime for “no tax on overtime” style benefits. Seeing TT does not mea…
Yes, overtime is still compensation, and employers generally withhold taxes from it. What changed under recent federal “no tax on overtime” style rules (often discussed with OBBBA / One Big Beautiful Bill Act coverage) is how some overtime may be treated for federal income …
COBRA monthly cost is usually the full employer health premium, what you and the company paid combined, plus up to a 2% administrative fee (about
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