New grad offer with 10k sign on bonus. what is the tax percent taken out of the bonus in Austin, Texas. How is the bonus paid.
When I got it, it was in a separate paycheck on ADP and a separate transaction in your bank account.
Thanks you so much
Bonuses are usually a lump sum
“What’s the tax % in Austin” it depends on how much income you have
I meant what percent is taken out of the bonus. My wording is confusing
It depends. The IRS provides two methods of withholding supplementary income, and companies can choose which to adopt. Texas has no state income taxes, so you’re just looking at federal.
No state income tax
assume bonus payout will be taxed at 30%
Tech Industry
Yesterday
524
Chances of meta clearing E5 with screwing up one coding one round and acing all other
2024 Presidential Election
Yesterday
1955
Biden ruined America and tech! Tax plans are insane
Layoffs
2d
41022
Google CFO confirms 'large-scale' layoffs (Apr 17)
Tech Industry
2d
53222
Goog Employees Arrested
Tech Industry
Yesterday
1060
RIP Lacework
In your paycheck
sorry for the rookie question, is it one lump sum or split over multiple checks