Question
Damerly Company (a California employer) wants to give a holiday bonus check of $250 to each employee. Since it wants the check amount to be
Damerly Company (a California employer) wants to give a holiday bonus check of $250 to each employee. Since it wants the check amount to be $250, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 6.6% California income tax must be withheld on supplemental payments. Gross bonus amount $ Federal income tax withheld OASDI tax withheld HI tax withheld California income tax withheld Take-home bonus check $ can you please, in detail, show how you get all of the answers. Thank you.
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