Need to payback prorated signon bonus after putting down my papers. How long do we generally get to pay it back?
Since I have to bear the taxes, I guess I don’t have to pay back fica at least.
You will need to pay back the FICA portion too since they were taxes paid on your behalf. The company will issue you a corrected w2 at tax time reflecting it.
Payback period varies from company to company, but generally, you only have a few months. It’s common courtesy not to spend (or accept) a bonus you have no intent of fulfilling the terms for.
You will need to pay back the FICA portion too since they were taxes paid on your behalf. The company will issue you a corrected w2 at tax time reflecting it. Payback period varies from company to company, but generally, you only have a few months. It’s common courtesy not to spend (or accept) a bonus you have no intent of fulfilling the terms for.