IWishIKnew
This was supposed to be a seasonal job...
- Joined
- Dec 9, 2017
- Messages
- 2,571
Remember folks, your $200 bonus is not gonna be $200.
This is true. Bonuses have tax withheld a higher rate, so you'll lose almost half of it. You'll get most of that back come tax refund time, if you get a refund, but that sucks for now.
Reason being that your paycheck withholding is more predictable, but with bonuses they withhold assuming the highest tax rate, as they can't really know for sure where the bonus will put you on the scale.