Originally Posted by
Ducttape
Be careful making assumptions.
The 22% federal withholding for bonus payments may be more or less than your standard withholding amount.
So yes, it all works out in the end for tax season, but a larger percentage of the check may be taken out than youre used to seeing, because of the 22% withholding for the bonus check.
Which you can just change the withholding for.....
You may be withheld a higher number if you don't plan your w4 accordingly, that does NOT mean you are taxed higher. that's my point.