What is the name of your state? CA
I signed a 12-month contract to work for the federal government. This included a hiring bonus, and it was stipulated in the contract that if I left before 12 months, I would have to pay back the bonus on a pro-rated rate. The bonus was paid to me in a lump sum, and taxes took out 40%. I have unexpectedly had to move to the opposite end of the state, and I need to quit or face a huge commute. My questions is this: Do I need to pay back the full pre-tax sum? I dont think it's fair to have to pay back money that I never actually got! It would make a $4000 difference! Thanks for any advice!
I signed a 12-month contract to work for the federal government. This included a hiring bonus, and it was stipulated in the contract that if I left before 12 months, I would have to pay back the bonus on a pro-rated rate. The bonus was paid to me in a lump sum, and taxes took out 40%. I have unexpectedly had to move to the opposite end of the state, and I need to quit or face a huge commute. My questions is this: Do I need to pay back the full pre-tax sum? I dont think it's fair to have to pay back money that I never actually got! It would make a $4000 difference! Thanks for any advice!