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

    Feb 8, 2011, 04:40 PM
    Payroll taxes on bonuses?
    If I receive a bonus of $5,000 and the company takes 50% out in taxes, is that legal? What is the usual standard?
    justcurious55's Avatar
    justcurious55 Posts: 4,360, Reputation: 790
    Ultra Member
    		  
    #2

    Feb 8, 2011, 04:57 PM

    Taxes aren't up to the business. Taxes go to the government. All of my coworkers and I also had nearly 50% taken out of our bonus checks in taxes too.
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #3

    Feb 8, 2011, 05:15 PM

    I agree that taxes should be withheld but this does sound like a very high rate. I would think, normal deduction should be in the $1600 ballpark
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