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Started By
Message
re: Signing Bonuses
Posted on 3/14/16 at 12:32 pm to SUB
Posted on 3/14/16 at 12:32 pm to SUB
quote:
Be prepared to be disappointed that you will only see a little more than half of the bonus amount after the fed and state take their share.
You will actually see a lot more than this, bonuses do not get taxed at a higher rate, but the payroll software may with hold at a higher rate because it thinks you are making that much each pay period, in which case you will get it refunded when you file a return
Posted on 3/14/16 at 12:37 pm to Tigerpaw123
What?
It is income and taxed at the same rate as regular income.
It is income and taxed at the same rate as regular income.
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