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-   -   I received a bonus check and was taxed 60%. I live in Wisconsin. Is that possible? (https://www.askmehelpdesk.com/showthread.php?t=543668)

  • Jan 13, 2011, 12:02 PM
    gabbeelee
    I received a bonus check and was taxed 60%. I live in Wisconsin. Is that possible?
    I received a bonus checking for $2334 and neted out $1391. Is that possible be taxed at 60%?
  • Jan 13, 2011, 12:13 PM
    AtlantaTaxExpert
    Your math is off!

    $1,391 of $2,334 is 60%, so the withholding is 40%.

    Bonuses are typically withheld at 25-to-30% for federal INCOME tax, then 7.65% for FICA (Social Security and Medicare), and the rest for Wisconsin; hence, 40%.

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