How are Bonuses Taxed?

Answer

Every company is different when it comes to bonuses. However, if your bonus is over a certain amount there is a chance it could be taxed.
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Q&A Related to "How are Bonuses Taxed?"
If you get paid a bonus, the IRS will want their share too. A bonus is payment to an employee over and above his normal compensation as a reward for a job well done. Some companies
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1 Determine whether your bonus will be paid as a separate check or included as part of your regular salary. Ad 2 Understand that the United States government treats all income the
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Assuming we are talking US taxes here, it is not that the tax is high, it is the withholding rate that is high. The average employee likely pays somewhere around 15-20% in federal
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