[banking]

Ihave received a referral bonus of 2000 this month.
My friend wanted to split this bonus 40/60.
40 percent for me after taxes.

Now, am I not losing money on this?

Thanks.

[AtlantaTaxExpert]

To give you a good answer, I need to know:

- HOW MUCH you make for the year?
- WHERE you live (for state tax purposes)?

[banking]

I make like 60 - 65 k a year . And I live in Texas.

[AtlantaTaxExpert]

Okay, there is NO state income tax consideration.

On $2,000, you will owe:

$524 for federal income tax.

$124 for Social Security tax.

$29 for Medicare tax.

After these taxes ($677), you will have $1,323. An even split is $661.50 each.