Your tax filing status—single, married, or head of household—can affect how much money your employer withholds from your paychecks to cover your estimated taxes.
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Bonus Tax Rate: How Are Bonuses Taxed?
When you get your bonus check, it may feel like you’re getting taxed higher than normal. But what’s actually happening is that the government is withholding more money. Withholding refers to the money ...
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Why KRA can come knocking after withholding tax
So, one fine morning, you walk into the office, open your email and are confronted with a message from the Kenya Revenue Authority (KRA), informing you that you conducted some business and now owe tax ...
When you get a bonus — or other supplemental wages such as severance pay, commissions, etc. — your employer must withhold some of the money to send to the IRS for taxes. Your employer may withhold 22 ...
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