Lucrecia Laurito: income taxes will depend on the manner you filed your W-4, single, married, dependents etc and the tax rate for income taxes will probably be different than your normal deduction because this will more than likely be based on a monthly payment(rather than weekly, bi weekly or bi monthly) the amounts vary in each categoryyou will still have 6.2% SS and 1.45% Medicare and 1.1% SDI
Perry Deshazior: You will be taxed approximately 45% when you receive your bonus. However when you file your taxes in 2010, it will even out. Bonuses are taxed at the highest tax bracket initially, but treated as normal income when you file.
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