Social Security, Medicare supplemental tax rate
I received a supplemental increase to my paycheck to cover some expenses that I incurred. I have a couple questions.
From what I understand, the federal rate is 25% for supplemental amounts. Is this in any way augment-able upon filing based upon dependents? And what part of my 1040 does it go on?
Will Social Security and Medicare amounts withheld also increase accordingly? Mine did.
Finally, my overarching question is this - several times I have been 'reimbursed' for some kind of company related activity. These have usually been taxable sums - supplementally. So what happens is this: I'm given a sum of money that has not yet been taxed that covers my expense only before it's been taxed. When it's taxed it no longer covers my out of pocket expense. Is there a better way for my company to do this? Possibly giving me a larger amount such that after taxes it does cover my full out of pocket expense. Could it be indicated is a 'Bonus' for example?