The Bonus Tax Method Explained - Archived Webinar
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Certain payments processed through payroll require a special type of income tax calculation referred to as the bonus tax method.
Do you know which types of payments require the bonus tax method for determining income tax withholding? Are you frequently questioned by employees about the amount of tax withheld from bonuses?
Payroll professionals must know when to apply this method of taxation and demonstrate an understanding of this income tax calculation in order to respond to questions from management or employees.
Join us to learn the types of payments on which the bonus tax method should be applied. We will walk you through the bonus tax calculation, step-by-step, to illustrate how the income tax is calculated. Finally, we will provide some tips on creating a communication plan to explain to your employees why this method of taxation is required and how it impacts them.
!! IMPORTANT !!
Sound for this online session is streamed directly through your computer or electronic device. Participants will not be provided with a dial-in number.
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Upon completion of this 90-minute webinar, you will be able to:
- Identify payments that require bonus taxation;
- Describe the steps in the bonus tax method; and
- Confidently answer employee questions on bonus tax withholding.
After registering for an archived webinar, a confirmation containing login information is sent approximately 2 business days after the registration has been processed.
You will have access to the archived webinar 24 hours after receiving the login information.
Cancellations: No refunds will be issued once the email containing the login information has been provided.