Looks like federal tax withheld at IPO is only at 22%. How can I roughly estimate what additional % do I need to sell for tax before April?
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- Amazon / Eng Yolo!Everything other than base salary ( maybe bonus too ) is supplemental income, withholding by default for supplemental income is 22% federal unless you elect for more withhold.
Calculate the approx. total income for the year and run through the tax cal, you’ll get an effective tax rate which is what you should have paid by EOY otherwise you will be penalized ( maybe? ) for under withhold