bonus
I was apid a bonus check due to not being able to get a raise when the company gave everyone else one because I was supposely at the max that could be made for my position, but the question is if I was paid a regular check and a bonus check should all deductions have come out of my bonus check also since this was not salary worked for did this put me in another tax bracket
2 answers | asked Aug 1, 2005 9:40 PM [EST] | applies to Texas
Answers (2)
Taxes on Bonus Payments
Yes - the taxman always collects from earnings, and this includes bonus payments.
Take care.
Chris McKinney
http://www.mckinneylaw.net
http://texasemploymentlaw.blogspot.com/
posted by Christopher McKinney | Aug 2, 2005 08:50 AM [EST]
Yes - the taxman always collects from earnings, and this includes bonus payments.
Take care.
Chris McKinney
http://www.mckinneylaw.net
http://texasemploymentlaw.blogspot.com/
posted by Christopher McKinney | Aug 2, 2005 08:50 AM [EST]
taxation
Yes, a bonus is taxable as ordinary income and includes the same deductions.
posted by Trey Henderson | Aug 1, 2005 9:45 PM [EST]
Yes, a bonus is taxable as ordinary income and includes the same deductions.
posted by Trey Henderson | Aug 1, 2005 9:45 PM [EST]
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