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Quote: The company makes that decision easy for you by prohibiting any outside flying for compensation. Like others note, it behooves you to study limitations, memory items, and flows for whatever airframe you get as soon as you get access to manuals.
It's not a flying job. It's slinging a fuel hose at the airport so the down time is pretty much a guarantee.
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Does anyone know the exact percentage that is taken out from the bonus? I have herd several different numbers speculated on here but no for sure answer. Thanks.


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Quote: Does anyone know the exact percentage that is taken out from the bonus? I have herd several different numbers speculated on here but no for sure answer. Thanks.


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It depends on the state you live in and such. However my 2500 quarterly bonus ends up around 1550 so a 20k bonus for me would be 12500 if then percentage stays the same. I'd expect to get a lot back come tax season though.
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Quote: Does anyone know the exact percentage that is taken out from the bonus? I have herd several different numbers speculated on here but no for sure answer. Thanks.


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My 15k NH bonus was just over 11k in the bank. My $2500 quarterly last month was 1750 in the bank. Single in TX with minimum exemptions.
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Quote: It depends on the state you live in and such. However my 2500 quarterly bonus ends up around 1550 so a 20k bonus for me would be 12500 if then percentage stays the same. I'd expect to get a lot back come tax season though.

Ok. I will be living in MN and their state income tax is about 7% so I guess I just add that to the federal income tax taken out?
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Quote: For guys who are interviewing or classing up now... but live in LA now...

What would you recommend as an aircraft to bid for if we want to try and eventually shift to LA if it re-opens?
L.A. Is not even on the radar right now(or should it be, we do 0 flying there). LGA just opened. And the last letter from union, said maybe Miami by the end of next year.
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Bonuses are taxed at the rate of 25%. For income above $37k (single filer) that is what it is taxed at anyway. For income below that it's taxed at 15%. So it's possible come tax time you might get a little more back when you file.

Example, you earn $25,000 in wages plus that $20k bonus.

The first $9200 is taxed at 10%, then from $9200-$37,000 it's taxed at 15%. Above that it's taxed at 25%. So you'd only pay the 25% tax on $8000. You'd pay 15% tax on $12,000.

This is all federal. State might be a little different as far as the brackets go.
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Quote: For guys who are interviewing or classing up now... but live in LA now...

What would you recommend as an aircraft to bid for if we want to try and eventually shift to LA if it re-opens?


IF LAX re opens as a base for Envoy I would guess that it would be for the 175. Compass currently is doing flying for AA in planes that are owned by AA. Those 20 hills could easily be transferred to Envoy. I mean hell those 20 were slated for Envoy originally. But this is just a guess. You can count on whatever aircraft you get, something else will go to LA.


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Quote: Bonuses are taxed at the rate of 25%. For income above $37k (single filer) that is what it is taxed at anyway. For income below that it's taxed at 15%. So it's possible come tax time you might get a little more back when you file.

Example, you earn $25,000 in wages plus that $20k bonus.

The first $9200 is taxed at 10%, then from $9200-$37,000 it's taxed at 15%. Above that it's taxed at 25%. So you'd only pay the 25% tax on $8000. You'd pay 15% tax on $12,000.

This is all federal. State might be a little different as far as the brackets go.
Not sure why this keeps coming up but I'll try to simplify.

Two words- "withholding" and "taxes"

Taxes are paid based on a percentage of income.

Money is "withheld" each pay check to pay taxes. How much is taken out is determined by how someone files a w-4.

Bonus money may be withheld at a higher rate but it is not taxed at a special bonus tax rate. When you get you w-2s there won't be a box that says 20k "bonus" money. It is included in your taxable income box.
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Quote: Does anyone know the exact percentage that is taken out from the bonus? I have herd several different numbers speculated on here but no for sure answer. Thanks.


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You can ask ten different people and they will all give you different numbers. The amount taken out is based on your w-4 you fill out. 2500 dollar bonuses are withheld at about 500-1000 dollars. So one would expect to see 1500 - 2000 dollars in the bank.
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