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Tax Question


hotmaddy

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Oka Pay Cheque (Variable Pay) $4,700 ki Federal Tax $1,100 cut chesaru enti? Flat 23% cut chesthara?

$1,729 tax kindane cut chesaru + RSP kinds oka 350 cut chesaru... Ivvalsina daanilone 50% icharu malli ee cuttings enti?

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question not clear..

 

 

is it the bonus pay check...

Variable Pay ani untundi kada man... Adi bonus anukovachu anukunta. Company anukunna targets meet ayithe X% of the salary istharu. baaga chesthe 2X, 3X% istharu.

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Variable Pay ani untundi kada man... Adi bonus anukovachu anukunta. Company anukunna targets meet ayithe X% of the salary istharu. baaga chesthe 2X, 3X% istharu.

enni months istharu variable pay

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Found this online...

 

 

Why Does It Seem Like Bonuses Get Taxed More?

Employees often complain that their bonus checks have seemingly been taxed at much higher rates than their ordinary income. Yet, as The Street shows us by way of example, this is actually an illusion:

“If you make $2,500 a month but get a $5,000 midyear bonus, your withholding will be computed as if you received a single wage payment of $7,500 for the monthly payroll period. Then that $7,500 is annualized, or assumed to be part of your yearly salary. So if you earned $7,500 a month, you’d be making $90,000 annually versus $30,000. But at $90,000, your tax rate jumps to the 31% tax bracket vs. the 28%.

Under this annualized method, you would end up taking home even less of your bonus because you’d be withheld at much higher rates.”

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