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Q: Are bonus considered wages
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Is a bonus considered a gift and are you taxed as such?

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.


How much of a bonus should an employer give for Christmas?

One weeks wages would be nice


Are end of the year bonuses from work taxable income and if so should the bonus be added to your regular pays gross income and then taxed or should the bonus be a separate check taxed individually?

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.


Is vacation pay considered supplemental wages?

no


Is severance pay considered wages?

Yes.


What is John Jerry wages?

In 2014, John Jerry earned $1.3 million plus an almost $240,000 bonus.


In accounting are wages considered liability or equity?

It is an asset.


Are bonus subject to social security and medicare tax?

Yes, bonuses are like wages. They are subject to the same income and Medicare taxes.


Is severance pay considered wages on tax forms?

Yes.


To what extent are tips considered wages under the FLSA?

their is no full tip credit


What are the wages for a cotton picker?

Depends on the timeline you want to know about wages. In the south slaves worked the cotton and they don't earn a salary. They are considered property with no rights.


What is a 5 letter word for mean with money?

If it's extra money, it's a bonus. wages