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The tax rate is exactly the same for bonuses or overtime as it is for every other paycheck you receive during the year. When you have a quarterly bonus or some such increase like this during the year it causes the withholding amount to increase. The reason for this is that the withholding tax tables are set based on your pay period (weekly, biweekly, monthly). Say you normally make $1000 every two weeks and you get a bonus of $1000 that is added to you pay check. The tax table assumes that the total of $2000 is your income for a two week period so it takes out a good deal more withholding that period. This makes people think the rates is higher for bonuses or overtime but it isn't. You tax return at the end of the year is based on your total income and it doesn't make any difference whether your paid weekly or get one check per year your tax is the same.
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How do you find the tax rate if you have the pre tax and after tax profit?
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
What is the tax for 85.00?
What percent is the tax rate? A tax rate of 10% would be $8.50.
The sales tax on a purchase of55 was 3.85 what was the tax rate percent?
The tax rate was about 7.5%
What is the state tax rate for Alaska?
Alaska has no state tax rate
How to calculate the sales tax rate?
Amount x Tax Rate % = (finds out the amount of tax) or Amount x .__ (tax rate, if it is 7 you would put .07) = (amount of tax) To determine the sales tax rate you would have to contact the locality you live in because the rate can vary from town to town.
How do you find the tax rate if you have the pre tax and after tax profit?
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
What tax rate increases as the tax base increases?
The progressive tax rate is one where the tax rate increases as the taxable rate, or income, is increasing.
What is 91.00 plus tax?
The answer depends on the rate of tax.The answer depends on the rate of tax.The answer depends on the rate of tax.The answer depends on the rate of tax.
What is the tax for 85.00?
What percent is the tax rate? A tax rate of 10% would be $8.50.
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
What is the sales tax rate in Tulsa OK?
The sales tax rate in Tulsa, Oklahoma is 8.517%. This rate is comprised of the state sales tax rate of 4.5%, Tulsa County sales tax rate of 1.417%, and the City of Tulsa sales tax rate of 2.6%.
The sales tax on a purchase of55 was 3.85 what was the tax rate percent?
The tax rate was about 7.5%
What is the present service tax rate?
till 31.3.2012 service tax rate : 10.30% from 1.4.2012 service tax rate : 12.36%
In making financial decisions the relevant tax rate is the?
The relevant tax rate is the marginal tax rate in making finicial decisions.
How do you define ct rate?
CT rate or a corporation tax rate is the rate of tax due from company profits.
How much do NFL players get paid monthly after taxes?
It all depends on the state(s) tax rate. Example; if a player plays for a team in Florida, the player will pay approximately 6%. So if a player signs a 10million dollar deal. After Florida taxes, they should walk away with about 6.5million. Pluse they get workout bonuses and game bonuses. So with a 10million contract -6% + bonuses. Probably around 8million
What is the state tax rate for Alaska?
Alaska has no state tax rate
