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Can a bonus check be taxed at a different rate then pay roll check?
Wiki User
∙ 14y ago
Shouldn't be. It is the exact same in all regards for income tax, and simply income from employment. Some companies have rules disallowing matching contributions to or such to 401k on bonus, but that is not taxes.
Wiki User
∙ 14y ago
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Why are bonuses taxed more than your pay?
When you complete your 1040 federal income tax return completely and correctly the taxable amount of the bonus will be subject to the federal income at your marginal tax rate. hat your seeing in your check isn't really any greater tax on one than the other, they are both taxed the same when you complete your return, which is what the above is saying. BUT for withholding, the rate you are expected to pay at is done by annualizing the income being reported. Your bonus, when annualized, would probably indicate your in a much higher income tax bracket than your weekly pay does.
What term is used to describe the percentage that is taxed?
The percentage at which something is taxed is the Tax Rate.
Is money from a EEOC lawsuit taxable?
Yes-if you get a settlement from the EEOC it is taxable. If it is considered wages it is taxed at the rate your wages were taxed. If it is compensatory damages it is taxed at a lower rate but it cannot exceed 50% of the settlement.
What is the name of the tax rate at which additional income is taxed?
Your marginal rate as compared to your effective rate.
What is the term that refers to the percentage that is taxed?
The term that refers to the percentage that is taxed is the tax rate. In most cases, the tax rate is progressive depending on the level of income.
Why are bonuses taxed more than your pay?
When you complete your 1040 federal income tax return completely and correctly the taxable amount of the bonus will be subject to the federal income at your marginal tax rate. hat your seeing in your check isn't really any greater tax on one than the other, they are both taxed the same when you complete your return, which is what the above is saying. BUT for withholding, the rate you are expected to pay at is done by annualizing the income being reported. Your bonus, when annualized, would probably indicate your in a much higher income tax bracket than your weekly pay does.
How much is taxed are you taxed on 1476.00?
in Britain it is 17.5% tax rate and if that is your annual income then no.
What term is used to describe the percentage that is taxed?
The percentage at which something is taxed is the Tax Rate.
Is money from a EEOC lawsuit taxable?
Yes-if you get a settlement from the EEOC it is taxable. If it is considered wages it is taxed at the rate your wages were taxed. If it is compensatory damages it is taxed at a lower rate but it cannot exceed 50% of the settlement.
What is the name of the tax rate at which additional income is taxed?
Your marginal rate as compared to your effective rate.
What is the term that refers to the percentage that is taxed?
The term that refers to the percentage that is taxed is the tax rate. In most cases, the tax rate is progressive depending on the level of income.
If a 65000 is taxed at a rate of 35 percent?
$22750
Which of these terms refers to the percentage that is taxed?
tax rate
Direct taxes are illegal in the US unless everyone is taxed at the same rate.?
Direct taxes are illegal in the united states unless everyone is taxed at the same rate.
Are direct taxes illegal in the US unless everyone is taxed at the same rate?
Direct taxes are illegal in the united states unless everyone is taxed at the same rate.
Discretionary bonus tax?
The discretionary bonus tax refers to the tax that is excludable from a given employee's regular rate of pay. The non-discretionary bonus on the other hand refers to that which must be included in the regular rate.
Are you taxed when you withdraw money from a mutual fund?
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
