My Bonus After Taxes
Did you receive a big bonus check from your employer? Estimate the actual total after taxes are taken out.
*You are taxed on your bonus the amount of your marginal tax rate, plus 7.65% FICA. However, the amount you receive in on your paycheck depends on your W-4 form and other deductions you have determined. If you receive less than the total net amount, the rest will be adjusted when you do your taxes.
*If you have reached your social security limit, you may only be taxed 1.45% instead of 7.65% FICA.