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Bonuses may be awarded by a company as an incentive or to reward good performance. Typical incentive bonuses a company can give employees include signing, referral, and retention bonuses. Companies have various ways they can award employee bonuses, including cash, stock, and stock options.
The bonus offered as a percentage of a deposit or provided with no deposit. The bonus is run by and only available to clients of XGLOBAL FX Ltd (VFSC).
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The percentage method\n\n Your total bonuses for the year get taxed at a 22% flat rate if they're underR$1 million. If your total bonuses are higher thanR$1 million, the firstR$1 million gets taxed at 22%, and every dollar over that gets taxed at 37%.
Why is tax withholding on bonuses so high? Since bonuses are paid in addition to your normal paycheck, taxes are withheld at a higher rate than your regular wages. This is because they are considered supplemental income.
