Got a bonus but it came it out as nothing I thought because of hefty taxes 😖

likefunny
Posting as :
works at
You are currently posting as works at

Welcome to the show

Lmaoo how does that even work? You should still be getting 60% of it at the least (assuming no 401k match)

It all comes out in the wash when you file st the end of the year. But if you want less taxed, put a bigger % in your 401k next time

Bonuses are taxes as ordinary income at the end of the year. You got less because of the withholding amount you instructed them to keep.

Related Posts

do you prioritize maxing out your 401K or investing in something that has a lot more potential to grow like stocks? and why?

likehelpful

If I see one more article on how millennials are ruining the economy or housing market by not buying enough homes or selling enough homes I'm going to scream. We were saving for 3 years before Covid and had to use a solid chunk to take care of ourselves and our families during quarantine. Now that we're ready to save again inflation and COL are at an all-time high and we're headed into a recession. And somehow this is my fault for what...not being a boomer? Bffr.

likehelpful

Is this a bad rate? 3.375 with 20% down on a condo in central Florida. 780+ credit score

like

I just joined the bank and was wondering what the deal with the Health Care savings account is. It looks like a flex account rather than an HSA?

like

I know this is an options bowl where most members believe the market will go down, but are there any buy and hold investments you really like?

like

How do you invest and save for your children? I’m thinking about setting them up with custodial brokerage accounts but don’t want them to have a heyday at 18. Did you create irrevocable trusts or?? They are too young for earned income and I don’t own a business so no IRA investing opportunities here.

like

Wellbeing Rewards - Hallmark business connections is down since more than a month.. how do I redeem my dollars?

like

Didn't renew lease. Scared I wouldn't be able to find the next home, especially an affordable one with this current market.

They should extend covid rates

likefunny

Hey guys, Can anyone please tell me if there is any restrictions on SPI in mutual funds in MS for employees.

like

Does anyone carry a driving iron? If so how do you find it?

Thinking of dropping the $ to buy a Titleist U500 2-iron... 10 handicap and wondering if I'll be able to actually hit it solid. I see my scratch/plus handicap friends hitting bullets with theirs

like

I just got an offer with GuideHouse and I will be moving soon to DC. I heard that rents are expensive in the DC area and I needed some recommendations. Thank you!

Is there any reason to NOT max out a 401k? I’m 23 and will contribute about $10K this year ($86k salary at ~11.5%). Does it make sense to max it out? I don’t have any large upcoming milestone expenses except maybe going back to school in 2-3 years, but not for certain yet.

like

What components are tax exempted and how much will be the net take home considering 1.5 in 80c and 50k in nps ?

Post Photo

150K in Singapore, and $150K in Chicago. Which one would you accept?

like

My New York City tax was much higher this pay cycle (June). Anyone know why?

like

115k/yr job with 7% 401k matching, medical/dental/ pension plan also Federal job. Or $100/hr contracting no benefits. Pros and Cons of each?

like

Have some big trips planned for next year so I would like to upgrade my Delta gold AMEX to Platinum (need that MQD waiver 💸). I heard that if I upgrade I won’t get the 50k sign-up bonus miles, so should I just close my gold card (not my oldest card) and open a new Platinum one?

like

Lost a lot in doge after panic selling and then Musk happened.. how do I come to terms with my losses! 😓

like

I’m 30 and my spouse and I want to save a million dollars in 15 years by age 45. I figured 1,000,000/15=66,666/yr need to save. To get to 66,666/yr, need to contribute:
-401k at 19500k x 2
-Roth IRA at 6000 x 2
-remaining $7833 x 2 in a brokerage account

Does this look good? Am I missing something? With discipline 2 people can save 1 million in 15 years?

likeuplifting

What do most people invest in for their Roth IRA portfolio? I’ve heard target funds and ETF’s..which one is better?

More Posts

Is infosys has the policy if someone resign or leave Infosys they will not able to join witch companies till 6 months or n number of months? Any ideas about this guys? Infosys Infosys Limited

like

📚 Resource Thread 📚
Use this thread to drop your favorite books, courses, podcasts, channels, and other resources you find valuable as a Sales Engineer!

like

How are Corporate Development and Corporate Finance roles different in Industry? Is one sub set of another?

like

Get that informed consent. In writing, and follow up in an email and maybe add a memo to the file.

Post Photo
like

I have been applying for internships the last few months. Got few first round interviews but never concluded further in the application stage. Lots of rejections because I am not from a target university.

Still looking for a summer internship within a Quant Fund, Hedge Fund or Trading firm (HFT,Quant or Systematic). Anyone with tips?

Bit of background. I am a Physics and Math undergrad with previous experience in Capital Markets and Research.

Thanks in advance!

like

My company says that they don’t do typical merit increases based on individual performance. Everyone just gets collective cost of living increases every 2-5 years. Is this normal?

like

Hi Fishes

Posting on behalf of a friend.

She has done BCOM and is looking for a job in Accounting in Pune.


Any organization will do as long as she gets to explore accounting or finance.

Please help by providing an helping hand

like

I want to leave tax. But as a salt manager what jobs would I even be qualified for?

like

Hi folks
I've completed my technical and managerial rounds in tcs in Data science and AI
I've 4+ YOE in AI and Data Science
What can be the ctc I can demand for
My current ctc is 11.88 LPA and next month it is going to be revised again in my current org

like

Did any one implement semantic search on custom domain data? if so what is the best model is to generate embeddings. I am using DPR but still looking for better model

like

Need a genuine review of scaler msdl course. Is it worth the cost of 3L?

like

Hard to focus on work because I keep opening Blockfolio and am more interested in the crypto space happenings of the day..

like

Hi sharks. I currently serving notice period and im looking for Front end developer roles. If you come accross any openings suitable for me please do connect.

Experience: nearly 2 years
Technologies i dominantly worked on : Angular, HTML/CSS, javascript, AWS Lambda and AWS API Gateway.

like

Greetings!
I'm new to this.
This is to get connected to all for the job opportunity in the HR department. I have more than 4 years of experience in the HR field.
Also, since it's a job hunt. A referral from anyone might be useful.
And if anyone happens to know about any opportunity, kindly do let me know.


Regards

Smitha Babu

like

I am signing an offer this week at a different consulting firm, but want to stick it out through my project at my current firm over the next month. (Actually really enjoy the project just think the other firm is a better fit).

Am I obligated (morally or otherwise) to tell my firm that I’ve signed another offer? Or is it ok to stay on and work?

(Don’t have to start at the new firm for another month after that).

like

Which career is more rewarding forecasting/analytics or strategy?

like

Anyone witness slackers who got into companies you have no idea how? Had a coworker who does jack chit at work besides chatting on Facebook yet lands at a faang company? I guess if he brings the same work ethic he will be spit out for sure. Or maybe he just had no interest in doing project work.

like

FT: Looking for an editorial designer with a background in illustration to work at a startup. About 2-4 experience. DM for details.

like

Capgemini has below opening positions. Interested people can DM for reference.

Post Photo
like
like

Additional Posts in Finance

Any chance of meeting smo serious on Tinder? I know it's mostly a hookup site, but have you met any exceptions?

like

Honestly getting sick of my playlist. I need to switch things up a bit. Favorite band/artist you’re currently loving? Not really into the mainstream crap.

like

Why are there VPs commenting in this app? For god's sake don't you have like significant others, spouses, more going on with your life??

like

Moving to Boston, anyone got any experience there?

like

Wait I thought the 'trump will repeal Dodd frank' thing was a joke or a hypothesis apparently it's not?!

like

Happy Mother’s Day! How can employers better accommodate working parents?

like

Is it just me, or is Soros getting uglier every year? It's like the dark side is twisting him up.

like

Google keyboard for iPhones is pretty cool, but mega annoying in the wrong hands.

like

How often do y'all pull all-nighters?

like

Fixed income vs Equity trading desk at BB? Why are trading desk at BB down year over year? Fixed income desks In particular! Future of trading leading to full automation?

like

Curious. What's everyone's all in tax rate at year end (first and second years). Thanks. Looking for a percentage.

Ideas on how to capitalize on all of these protests? Surely it's a trend that won't end soon...

like

thoughts on the GOP Tax Plan? how does it impact us from a banking perspective?

like

Making $97k this year and not sure where it all went. I feel I should have more saved. Rent is $2,300 and my pet is about $200 a month (food,insurance)

like

What's your Sunday routine to get ready for work on Monday?

like

Accidentally sent a cold networking email thinking they lived/worked in City A when they actually worked in City B. How do I recover?

like

Can someone explain how to maximize the 401k employer contribution -- by when during the year should I have invested the full $18k to get the 1.5% match?

like

North Korea - the boy (country) who cried wolf?

like
like

Received an offer from JPM for a branch manager position, but afraid of getting the offer rescinded due to going through bankruptcy almost 3 years ago . I’m freaking out hoping this won’t be an automatic disqualification, has anyone been through this same experience and gotten hired in?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal