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KatyF
Oct 29, 2008, 10:56 AM
How much are quarterly bonuses taxes?

ebaines
Oct 29, 2008, 11:04 AM
Taxes are typically withheld from bonuses at a flat 25% for federal income tax, plus social security (at 6.2%) and medicaire (1.45%), and state/local income tax as appropriate for where you live.

AtlantaTaxExpert
Oct 29, 2008, 12:31 PM
Actually, I thought the withholding level was 30%, but 25% plus FICA and state withholding sounds more appropriate.