How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Robin D. Your Own Question
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 13316
Experience:  15years with H & R Block. Divisional leader, Instructor
14155347
Type Your Tax Question Here...
Robin D. is online now
A new question is answered every 9 seconds

I made 50,303.00 this year and paid 5600 in taxes on this

Customer Question

I made 50,303.00 this year and paid 5600 in taxes on this amount I received a bonus ck for 26,722.00 what is my tax on this, I'm married but file separate
Submitted: 11 months ago.
Category: Tax
Expert:  Robin D. replied 11 months ago.

Hello

The bonus will be added to your wages. After counting your withholding I estimate you will owe another $6,875.

If they withheld on your bonus of course you will apply that amount and may not have a balance due.

Generally tax is withheld at 25% on bonus payments.

Expert:  Robin D. replied 11 months ago.

The IRS specifies a flat “supplemental rate” of 25%, meaning that any supplemental wages (including bonuses) should be taxed in that amount. If you receive a $26722 bonus, under this rule, $6681 (25% of $26722) goes straight to the IRS.

If they did withhold then your balance due would be $194.

Expert:  Robin D. replied 11 months ago.

If you have any other questions, please ask me – I’ll be happy to respond.

Related Tax Questions