Bonus Tax Question
06-23-2018 | 05:09 AM
#2
Gets Weekends Off
Joined: Dec 2017
Posts: 660
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The new hire bonus? Comes in between completion of the checkride and completion of IOE. I think after taxes it was like 13,626. Can vary depending on how you have your taxes taken out.
06-23-2018 | 05:21 AM
#3
Line Holder
Joined: Jun 2015
Posts: 360
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06-23-2018 | 05:37 AM
#4
Line Holder
Joined: Nov 2014
Posts: 45
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06-23-2018 | 01:16 PM
#6
Line Holder
Joined: Jun 2017
Posts: 59
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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.
06-23-2018 | 02:08 PM
#7
Gets Weekends Off
Joined: Dec 2017
Posts: 660
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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.
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.
06-23-2018 | 04:19 PM
#10
Gets Weekends Off
Joined: May 2011
Posts: 384
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