The Bonus Tax Method Explained

Do you know which types of payments require the bonus tax method for determining income tax withholding? Are you frequently questioned by employees about the amount of tax withheld from bonuses?

Certain payments processed through payroll require a special type of income tax calculation referred to as the bonus tax method. Payroll professionals must know when to apply this method of taxation and demonstrate an understanding of this income tax calculation in order to respond to questions from management or employees.

Join us to learn the types of payments on which the bonus tax method should be applied. We will walk you through the bonus tax calculation, step-by-step, to illustrate how the income tax is calculated. Finally, we will provide some tips on creating a communication plan to explain to your employees why this method of taxation is required and how it impacts them.

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Upon completion of this 90 minute webinar, you will be able to:

  • Identify payments that require bonus taxation;
  • Describe the steps in the bonus tax method; and
  • Confidently answer employee questions on bonus tax withholding.

After registering online for an archived webinar, you will receive an email confirmation that is sent approximately 2 business days after the registration has been processed. This email contains the login information for the webinar.

Cancellations: No refunds will be issued once the email containing the login information has been provided.

DURÉE: 90 Mins