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    sebastian162's Avatar
    sebastian162 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 14, 2009, 09:31 PM
    Taxes and deductions
    I am single and claim 4 on my W4. I recently had a commission due in the amount of$2671.00. Almost $1000.00 were taken out, is this correct?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Aug 17, 2009, 02:34 AM

    Irrespective of what you have put on W4, bonuses and other supplimentary payments are subject to statutory withholding (i.e. by law) at 25% for Federal Income Tax. SS and Med are also withheld. Many states also have statutory withholding on bonuses.
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