year end bonus protocol
January 3, 2008 10:13 AM Subscribe
How do year-end bonuses usually work?
posted by anonymous to work & money (24 answers total)
How do year end bonuses usually work? Is it separate from your paycheck, or is it the sum value of the last paycheck of the year? Also, if it is separate, are taxes taken out?
I was quoted one amount, which I thought was in addition to my regular salary. Hence, a bonus. I got just got my paycheck for the last of the year - I think. Nothing is ever explicitly labeled in a small company. This amount deposited was more than my usual paycheck but less than the purported bonus. It actually calculated out to approximately the quoted bonus, after taxes. But I did not receive my regularly scheduled paycheck. So if indeed its all just a lump sum, that's really disappointing because it amounts to very little above what I was already expecting -- my normal paycheck. Keep in mind, we're not Goldman Sachs here so the bonus isn't mindboggling but it would have been a really nice to put some money into an IRA.
Wondered what the usual protocol for the ye bonus was. Is there even a protocol?
Looking A Gift Horse In The Mouth.