Christmas bonuses

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  • dirty_dirty_eater
    dirty_dirty_eater Posts: 574 Member
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    Profit sharing contribution comes at this time every year.
  • Erin_goBrahScience
    Erin_goBrahScience Posts: 1,215 Member
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    We used to get a Bonus every year without fail. In addition a nice gift and since we are so small a nice dinner with our SO to a 5 star restaurant.

    However due to the housing collapse a few years back we didn't get one a few years ago, and ever since it has been a fraction of what it once was. I am at 10 year employee and only once did we not get one. That year we weren't aware that it wasn't coming...so it was a bit of a shock. I think if we knew before hand it would have been easier to deal with.
  • jayrudq
    jayrudq Posts: 475 Member
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    Get up to 15% of my salary if we meet our targets, which are performance based. I feel very fortunate to be a part of the organization I work for. And am nicely compensated for it.
  • odusgolp
    odusgolp Posts: 10,477 Member
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    OK, just for clarification, many of you are commenting about the taxes withheld from your bonus payments...

    A "bonus" is considered supplemental wages. Most commonly, employers with withhold a flat 25% Federal Tax Rate. For many people this is significantly higher than they would normally pay. Employers CAN choose to use their standard Federal Withholding elections as well (Such as Married - 1), but 25% is most common practice.

    Now, keep in mind, you didn't just "give the government more money." When you file your taxes by April 15th, everything balances out to what you ACTUALLY owe in taxes... What you elect to have withheld from your pay doesn't determine jack *kitten* as far as what you owe in taxes.

    More information from the IRS available here: http://www.irs.gov/irb/2008-24_IRB/ar08.html and here
    http://www.unclefed.com/Tax-Help/HTML/p15/ar02.html#d0e1448 (Section 7)
  • PennyM140
    PennyM140 Posts: 423 Member
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    I get a $600 (before taxes) Christmas bonus every year. It's nice, helps offset the cost of Christmas gifts.
  • hughtwalker
    hughtwalker Posts: 2,213 Member
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    I get nothing. We take the staff out to lunch. Cost £350 plus whatever it costs to give them a half day holiday with full pay
  • Rosplosion
    Rosplosion Posts: 739 Member
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    I got nuthin.

    Or, wait, is that the thing where your hot coworker takes you in the restroom and bends you over the vinyl couch?
  • cmcollins001
    cmcollins001 Posts: 3,472 Member
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    OK, just for clarification, many of you are commenting about the taxes withheld from your bonus payments...

    A "bonus" is considered supplemental wages. Most commonly, employers with withhold a flat 25% Federal Tax Rate. For many people this is significantly higher than they would normally pay. Employers CAN choose to use their standard Federal Withholding elections as well (Such as Married - 1), but 25% is most common practice.

    Now, keep in mind, you didn't just "give the government more money." When you file your taxes by April 15th, everything balances out to what you ACTUALLY owe in taxes... What you elect to have withheld from your pay doesn't determine jack *kitten* as far as what you owe in taxes.

    More information from the IRS available here: http://www.irs.gov/irb/2008-24_IRB/ar08.html and here
    http://www.unclefed.com/Tax-Help/HTML/p15/ar02.html#d0e1448 (Section 7)

    tumblr_m0kjwkfKNG1qj9e69.gif
  • Sinisterly
    Sinisterly Posts: 10,913 Member
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    I get them..
    Not too excited about it, though.
    I don't get excited over money since it's going to get spent anyway.
  • _John_
    _John_ Posts: 8,641 Member
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    where's the Tylenol?
  • KarenisPaleo
    KarenisPaleo Posts: 169 Member
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    Here is a Christmas Bonus!

    http://www.huffingtonpost.com/2013/12/15/christmas-jammies-viral-video_n_4449148.html?utm_hp_ref=mostpopular
  • wheird
    wheird Posts: 7,963 Member
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    My bonus is profit sharing generally equal to 10% of my gross pay deposited directly into my 401k.
  • odusgolp
    odusgolp Posts: 10,477 Member
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    OK, just for clarification, many of you are commenting about the taxes withheld from your bonus payments...

    A "bonus" is considered supplemental wages. Most commonly, employers with withhold a flat 25% Federal Tax Rate. For many people this is significantly higher than they would normally pay. Employers CAN choose to use their standard Federal Withholding elections as well (Such as Married - 1), but 25% is most common practice.

    Now, keep in mind, you didn't just "give the government more money." When you file your taxes by April 15th, everything balances out to what you ACTUALLY owe in taxes... What you elect to have withheld from your pay doesn't determine jack *kitten* as far as what you owe in taxes.

    More information from the IRS available here: http://www.irs.gov/irb/2008-24_IRB/ar08.html and here
    http://www.unclefed.com/Tax-Help/HTML/p15/ar02.html#d0e1448 (Section 7)

    tumblr_m0kjwkfKNG1qj9e69.gif


    Oooh! SHINY!
  • mister_universe
    mister_universe Posts: 6,664 Member
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    My bonus is profit sharing generally equal to 10% of my gross pay deposited directly into my 401k.

    How YOU doin'!

    Ohai!

    *sploosh*
  • fbmandy55
    fbmandy55 Posts: 5,263 Member
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    The first 2 years I worked here, I got a $500 bonus on my last paycheck of November. Considering I live paycheck to paycheck, it DID pay for Christmas.

    Then the voluntary board of directors voted to take away the annual bonus, and split it between my paychecks, a whopping $12 a check. My boss was not happy as they have no authority to fire/hire her assistant, but took that away. Anyway, last year I got $300 visa gift card.

    Nothing this year.
  • wjstoj
    wjstoj Posts: 884 Member
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    OK, just for clarification, many of you are commenting about the taxes withheld from your bonus payments...

    A "bonus" is considered supplemental wages. Most commonly, employers with withhold a flat 25% Federal Tax Rate. For many people this is significantly higher than they would normally pay. Employers CAN choose to use their standard Federal Withholding elections as well (Such as Married - 1), but 25% is most common practice.

    Now, keep in mind, you didn't just "give the government more money." When you file your taxes by April 15th, everything balances out to what you ACTUALLY owe in taxes... What you elect to have withheld from your pay doesn't determine jack *kitten* as far as what you owe in taxes.

    More information from the IRS available here: http://www.irs.gov/irb/2008-24_IRB/ar08.html and here
    http://www.unclefed.com/Tax-Help/HTML/p15/ar02.html#d0e1448 (Section 7)

    ooooo....Rev Rulings are sooooooo sexy
  • LishieFruit89
    LishieFruit89 Posts: 1,956 Member
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    I know I mentioned the tax % taken out but I'm still happyto be getting a bonus. I know not everyone does.

    I get my bonus plus a match into my 401k. Plus stock and cash into my ESOP account since I work for a 100% employee owned engineering, architecture, and construction consulting firm.
  • peleroja
    peleroja Posts: 3,979 Member
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    I work for what is technically a non-profit (not a charity though, a regulatory body) so no bonus for me. We do get several extra days of office closure that don't come out of our vacation time or personal time, though. I'm okay with it.
  • Broderick50
    Broderick50 Posts: 851 Member
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    We got a 20 dollar Kroger gift card.
  • jeffrodgers1
    jeffrodgers1 Posts: 991 Member
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    YAH!!!! Thanks for the reminder. It's my bonus of my annual sex with hubby! I love bonus time!

    Daizy, you misspelled anal

    QUOTE OF THE YEAR. I almost fell out of my chair laughing. THANK YOU!

    (Even if it was kind of perverted and probably offensive to Daizy.... sorry Daizy.)

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