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Reply to "Is my bonus being overtaxed or is this normal?"
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[quote=Anonymous]I just received my bonus, which was taxed as salary (not annual), and my net paycheck was less than half of the gross amount. 36.49% went to federal tax 8.85% went to state tax (5.65 Maryland and 3.20 Prince George's County) 4.83% went to Social Security 1.45% went to Medicare That's a grand total of 51.62% withheld from my net check. Is this normal?? I'm happy to get a bonus, but I'm dismayed not to see as much of it as I'd hoped! [/quote]
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