allaboutgc
Registered Users (C)
One of my friends got a strange REF. Please help!
The reason for the REF is: he submitted his previous years W-2 along with 140 application (no pay stub). His actual salary is the same (actually several hundreds more) than what is stated on LC.
BUT the problem is that he put a big portion of his salary to retirement plan etc., which is the so-called "before tax deduction". So the amount of money on his W2 is his actual salary MINUS all those before-tax deductions. (you can check your own w2, the total salary shown there is called "taxable salary", which is your gross income - all the tax-free deductions).
Therefore his W2 shows much less than what he actually earns, and this has triggered the "company ability to pay" REF. He is very very upset. Lawyer says never saw this type of REF before. PLEASE HELP WITH SUGGESTIONS! Thanks!!!
The reason for the REF is: he submitted his previous years W-2 along with 140 application (no pay stub). His actual salary is the same (actually several hundreds more) than what is stated on LC.
BUT the problem is that he put a big portion of his salary to retirement plan etc., which is the so-called "before tax deduction". So the amount of money on his W2 is his actual salary MINUS all those before-tax deductions. (you can check your own w2, the total salary shown there is called "taxable salary", which is your gross income - all the tax-free deductions).
Therefore his W2 shows much less than what he actually earns, and this has triggered the "company ability to pay" REF. He is very very upset. Lawyer says never saw this type of REF before. PLEASE HELP WITH SUGGESTIONS! Thanks!!!
