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Dec 11, 2024
3:17
:43
pm
TheSpiker
All-American
This is correct.
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TheSpiker
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TheSpiker
Joined
Oct 25, 2010
Last login
Dec 11, 2024
Total posts
8,502 (5 FO)
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Messages
Author
Time
Does supplemental income affect my marginal tax rate?
zuko
2:09pm
Bonuses are withheld at 22%. They’re taxed as ordinary income.
allaboutthegainz
2:13pm
So then tell me if this is right:
zuko
2:20pm
Sounds correct, but it is dependent on whether his withholdings were correct, if
BYUFootballisBack
2:21pm
Board name checks out
Cougar Junkie
2:36pm
I think supplemental income is only treated different by its withholding rate
ForzaPuma
2:17pm
This is correct.
TheSpiker
3:17pm
Not a CPA, but still confident enough to answer in a way that is hopefully easy
TheNerd
2:56pm
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