Bonus AKA Bone Us!

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The last payments was received today if you guys didn't notice. It was about a $1200 short.
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Darn those taxes.
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mine wasnt short 🤷🏼*♂️
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Mine was literally within $25 of what I calculated it would be.
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Quote: Darn those taxes.


Yep I’m surprised by the number of people who didn’t think they would pay taxes on the bonus


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Quote: Yep I’m surprised by the number of people who didn’t think they would pay taxes on the bonus


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Cue the lunatics who say "Bonuses get taxed higher!!!!!"


LOL
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Quote: Cue the lunatics who say "Bonuses get taxed higher!!!!!"


LOL
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.
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Quote: 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.
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Can someone help with how the amount of the final payment determined and on which of the many Spirit portals can I find the pay stub/breakdown?


Thanks
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[QUOTE=thor55;2691312]Can someone help with how the amount of the final payment determined and on which of the many Spirit portals can I find the pay stub/breakdown?

5% of the total bonus, first was 95% all paystubs are on ess/ultipro
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