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Quote: This would only be true if you were already near the upper tax bracket limit, and the bonus pushed you over said limit. The tax brackets are based on total income, not monthly, and you only pay higher taxes in any given month if you hit that higher bracket, and would CONTINUE to pay the higher rate for the rest of the year.
I think you are equating "withholding table" with "tax bracket" and "withholding" with "tax liability." These terms are not interchangeable and I was deliberate about the terms I used in my reply.
Quote: I think you are equating "withholding table" with "tax bracket" and "withholding" with "tax liability." These terms are not interchangeable and I was deliberate about the terms I used in my reply.
It's amazing how many people don't understand how they are taxed. If I had a dollar for every time a new Captain complained that he was actually taking home less since he is in the higher bracket now, I'd probably have to pay the government 60% taxes.
Has anyone called scheduling and see if they are offering hotel rooms yet?
No, I understand the terms well enough. But when I was replying to you before, I was thinking about my last bonus, which was paid at a flat rate, therefore it is paid separately from regular pay, and not subject to the Federal weekly/biweekly/monthly tables. Now I see you were talking about a bonus being taxed as regular wages, which will cause taxes for a pay period to jump. Sorry for the confusion.

Quote: I think you are equating "withholding table" with "tax bracket" and "withholding" with "tax liability." These terms are not interchangeable and I was deliberate about the terms I used in my reply.
Acutually there are two ways they can do this. If it is paid with your regular wages, it will be taxed as ordinary income based on the IRS tax withholding tables.

If it is paid on a separate check it will be taxed 25%.

Everyone settles up at tax time in April.

Why Your Bonus Is Taxed So High - Business Insider
Quote: Acutually there are two ways they can do this. If it is paid with your regular wages, it will be taxed as ordinary income based on the IRS tax withholding tables.

If it is paid on a separate check it will be taxed 25%.

Why Your Bonus Is Taxed So High - Business Insider
It will be withheld at 25%. This is what most don't understand. Bonuses are taxed at the same rate as the rest of your income.
Quote: Has anyone called scheduling and see if they are offering hotel rooms yet?
Let us know what they say when you do!
Im not calling them on my day off haha! Next thing you know I will be on a deadhead to do a San Diego turn.
Does anybody know who we would need to email to notify them we want the pay rate and to waive the bonus?
Quote: Im not calling them on my day off haha! Next thing you know I will be on a deadhead to do a San Diego turn.
Not when you had just popped open your 3rd cold one on a morning off!!
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