I need to pay quartey and annual bonuses to monthly paid employees. Should I be taxing the bonus at marginal tax or employee normal tax percentage?
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Hi @Mel23,
Bonuses are taxed at marginal rates.
You will need to use Schedule 5 - Tax table for back payments, commissions, bonuses and similar payments. This provides detail instructions how to work out the withholding amount.
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Hi @Mel23,
Bonuses are taxed at marginal rates.
You will need to use Schedule 5 - Tax table for back payments, commissions, bonuses and similar payments. This provides detail instructions how to work out the withholding amount.
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