I am starting my job this December and I am to receive 50k bonus on my first paycheck. I had no other income this year. How much do I receive after taxes? The regular calculator might not help since it's a bonus @UBER, San Fransisco
50%
It should be around 41%, that includes Federal, State, and social security taxes.
Following. Does this count as supplemental income or still goes to your base income tax rate?
Supplemental income is actually taxed the same as your regular income. If it’s W2 income, it all goes into one bucket, your AGI. It’s confusing, because supplemental income is _withheld_ slightly differently, but this makes no difference once you file.
It’s taxed same as base income. If you’ve already met social security tax limits, you’ll save on those though.
how can I know if I have met that? my total income would be about 60k for 2019
The threshold is around 130k, so you probably haven’t met it yet.
Taxed the same, withheld as supplemental income.
Do I receive some back at the end of the year? My total income would be 60k in 2019
Correct. Everything is settled up in April.
You will get 33,384
what happens to the 17k tax if I have to quit and return the sign-on? the sign-on is for 2 years
Unless you negotiated repayment on the net basis, they’ll generally expect you to give them back the gross (pre-tax) amount and then deal with IRS to get the taxes back. This is reasonably easy if repayment happens in the same year that you got the money but can be quite difficult otherwise. In some cases, IRS has even denied refunding taxes. It’s a pretty terrible arrangement that gives the employer a lot of power, especially if you don’t have all that gross lying around.
Federal withholding of 22% + whatever California withholds.
Isn't that like the base salary? 22% federal tax + state?