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Old 06-23-2018 | 01:16 PM
  #6  
minivan
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Joined: Jun 2017
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Originally Posted by MarkVI
Hey Guys,

Haven't gotten my bonus yet, just curious as to what the tax rate on it is? Or whatever the deposited value is?

Thanks!
Best I can figure with pilot math, they withhold about 35% of the bonus to protect the innocent. I took my normal cumulative withholding percentage for taxes (~16% rounded) from my guarantee pay then subtracted that amount from total deductions. I then subtracted uniforms from total deductions. I then divided this resulatant number by the signing bonus amount to figure ~36% rounded withheld from the bonus.

I'm working with the assumption that per diem is not taxed (fairly certain it is not).

I don't know if this is how they actually figure the withholding on the signing bonus. It just seems like 36% is withheld after doing my brand of figuring.

Last edited by minivan; 06-23-2018 at 01:37 PM.
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