A bonus from your employer is not a gift and is strictly income. It is in no way a gift and cannot be considered as such. It is income from your employment and is reported as wages on your tax return. The employer is required to pay half of the social security and medicare taxes and to deduct the other half from your bonus check. The bonus is the same as any other income and must be treated as such.
No. A bonus is considered bonus earnings and is taxed as such. A gift is taxed differently.
Yes. Because it is.
At whatever time the bonus or receipt of the money was absolutely certain it becomes taxable. Your receipt of it is not the deciding thing at all.
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.
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.
The child's income is essentially considered the income of the parent...so it is taxed at their rate, and presumably they have enough income to be taxed.
Yes, they are taxable income to the recipient. Whether the bonus is paid with regular income or as a separate check is immaterial. Bonuses are considered regular income by the IRS and taxed same as regular income is. The bonus is included in box 1 of the W2 as gross wages.
Yes. Because it is.
when you select a gift it should have options for all gifts, newest, price, or bonus. if you have bonus gifts, you can select one there.
Ok...First Of All Bonus Gifts Are a gift you get for free..First pick a gift(Must have bonus gifts)Then find a Friend then just click Send.
in the back of the Disney DVD there is a little square where it says bonus gift that's where u check
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Your employer is not taxing your retention bonus. Your employer is following the IRS rules that say your bonus is earned income, and as such, it is taxed just like other earned income.
At whatever time the bonus or receipt of the money was absolutely certain it becomes taxable. Your receipt of it is not the deciding thing at all.
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