Bonus Calculator
Calculate your bonus amount and take-home pay after taxes.
Gross Bonus = Salary * Bonus% (or Fixed Amount)\nTax Withheld = Gross Bonus * Tax Rate\nNet Bonus = Gross Bonus − Tax Withheld\nTotal Compensation = Salary + Gross Bonus
Example:\nSalary: $60,000\nBonus: 10% of salary\nTax Rate: 22%\n\nGross Bonus = $60,000 * 10% = $6,000\nTax = $6,000 * 22% = $1,320\nNet Bonus = $6,000 − $1,320 = $4,680\nTotal Comp = $60,000 + $6,000 = $66,000
How are bonuses taxed?
Bonuses are supplemental income, often taxed at a flat rate (22% federal in US for amounts under $1M). State and local taxes may also apply.
What types of bonuses exist?
Common types: performance bonus, signing bonus, retention bonus, holiday bonus, profit-sharing, and referral bonus.
Is the net amount exact?
This estimates federal tax withholding. Actual take-home depends on state taxes, FICA, deductions, and your total income.
When are bonuses paid?
Timing varies: annually, quarterly, or upon achieving specific milestones. Check your employment contract.
Can I defer my bonus?
Some employers offer deferred compensation plans. Consult HR and a financial advisor about tax implications.
🔗 Related Calculators
📐 Formula
Gross Bonus = Salary * Bonus% (or Fixed Amount)\nTax Withheld = Gross Bonus * Tax Rate\nNet Bonus = Gross Bonus − Tax Withheld\nTotal Compensation = Salary + Gross Bonus
📝 Example Calculation
Example:\nSalary: $60,000\nBonus: 10% of salary\nTax Rate: 22%\n\nGross Bonus = $60,000 * 10% = $6,000\nTax = $6,000 * 22% = $1,320\nNet Bonus = $6,000 − $1,320 = $4,680\nTotal Comp = $60,000 + $6,000 = $66,000
❓ Frequently Asked Questions
How are bonuses taxed?▼
Bonuses are supplemental income, often taxed at a flat rate (22% federal in US for amounts under $1M). State and local taxes may also apply.
What types of bonuses exist?▼
Common types: performance bonus, signing bonus, retention bonus, holiday bonus, profit-sharing, and referral bonus.
Is the net amount exact?▼
This estimates federal tax withholding. Actual take-home depends on state taxes, FICA, deductions, and your total income.
When are bonuses paid?▼
Timing varies: annually, quarterly, or upon achieving specific milestones. Check your employment contract.
Can I defer my bonus?▼
Some employers offer deferred compensation plans. Consult HR and a financial advisor about tax implications.