Scrutinize Your Paystub
Why periodic review is a good thing.
November's payroll will be directly deposited into your designated account on November 27. It will reflect both your monthly salary and your Lump Sum (bonus).
All income is subject to FICA (Social Security and Medicare tax). You may want to adjust the amount of your contribution (the number of "Allowances") that will be withheld so your net pay is not further reduced by the FICA tax.
Tax-deferred contributions are not subject to federal and state income tax withholding when deducted, but are still subject to FICA tax.
If you make an after-tax Roth contribution, the entire amount is subject to federal and state income tax withholding as well as FICA tax withholding when deducted.
Please make sure your payroll deductions are accurate. Union dues (tax deductible), healthcare contributions, monthly AVI fees, retirement accounts, holiday pay, are all accounted for.
Below is a link to the total compensation package for this year and the next two fiscal years for your reference.