This is a deduction from your (AGI )adjusted gross income. In the event an employee earns an AGI above $150K the deduction is not applicable. Married filing jointly with an AGI above $300K the deduction is not applicable.
As for the gray area, W2`s. Some payroll departments are going to not change the W2 listings and will hand off the overtime calulation to the employee`s. This handoff would be in the form of an amendment form that would list the "half" - "0,5" paid. It will get interesting for those employee`s that can't grasp the "40" hour threshold. A four day - 10.7 hour schedule will generate a total OT of 2.8 hours eligible for the no tax calculation. That will be "Half" - "0.5" of the 2.8 hours of OT, the deduction will be the rate of tax on 1.4 hours of pay at the employees base hourly rate. Not a 1.4 hours rate of pay. At $30 an hour, the time an a half would be $45. The deduction would be the regular tax paid on $15.
It will be a surprise to some who aren`t sure or aware of this deduction. One last thing "double" time is not part of the calculation.
Ford needs to simplify and also enhance the powertrains for the future F150.
The trend on your ecoboost 4 cylinder engines have been, longer stroke and smaller bores, I assume to make the engines absolutely bullet proof with longer service life added!
Why not do the same for the naturally asperated 5.0 V8?
Take the bore back to 90.2 mm like the 4.6 V8 and increase the stroke to something like 98.7 mm. Deck height could go back to a round 256 mm like the old 5.4 V8 to give a rod to stroke ratio of about 1.77 to 1.
This would make a better truck engine than the current Mustang based 5.0 V8 and at a 90.2 mm bore , the cylinders could be surrounded by water for improved high load cooling and durability!
If more torque is required, do a 108 mm stroke version of this engine for something like 5.5 or 5.6 liters .
Try giving the customer Ecoboost torque without the turbos!
Your comments are welcome
edselford
Explorer EV and Capri are prime examples of corporate thinking at Ford back in 2018 when using VW MEB toolkit seemed like a good idea before Ford knew how to develop affordable BEVs, we’r seven or eight years on and the promise of affordable EVs is still to be delivered. On the face of it, EVs look to be simpler to mage but I think the issue is the complexity and cost within the battery - something that has always tripped up faster embrace of EVs…..
I get the feeling that the great Ford reset will
have us all scrambling for leaks over the next year or so.
At least it gets folks talking about Ford which is important when you have very few new vehicles to show…
As countries develop, they become less dependent on oil for economic growth. Oil intensity has been declining for decades. Countries are moving away from fossil fuels because they are disposable and few countries have control over their source of energy. Renewables are allowing those countries to aggressively lower their Oil intensity.
Oil Intensity: The Curiously Steady Decline of Oil in GDP
I remember the base 2012 Focus S had power front windows and hand cranks in the rear. Odd choice since the rest of the models already had power rear windows. Two designs cheaper than one design and slightly more content?