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Is my company handling bonus pay appropriately, and why can’t I figure out what my tax burden is?
Is my company handling bonus pay appropriately, and why can't I figure out what my tax burden is? Last year I received a retention bonus of $10k, and it was processed through payroll as my regular paychecks are. So my income was reported as, say, $100k instead of $90k at year end. When I received the bonus, payroll took out percentage based contributions for 401k and taxes based on the entirety as well. When I did my taxes, I ended up unexpe...
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