"Piggybacking off my last post: Does ur company offer a Bonus Structure?"
What's it like? What's the percentage of your pay? like 10%? 15?? 20??? Do taxes wipe out virtually the entire amount once you get your bonus? Do you save your bonus, invest with it, pay off bills, down payment for a house/condo, travel, or trick off with it?
I've never ever had a job that offers a bonus, so just curious. And envious of those who get one.
1. "RE: Piggybacking off my last post: Does ur company offer a Bonus Structu..." In response to Reply # 0
yes and the tax on it is 45 percent... so.... it dont mean much but it is what it is...
You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.
3. "yup, we get a bonus." In response to Reply # 0
last year, was like 12% of salary. there are also other aspects involved such as how much work I did, how well the dept did and of course how the company did. it'll be smaller this year cuz they changed the structure, but I'll take it. I paid off bills with it. doing the same this year.
yeah, taxes take a good chunk. I look at the positive side tho. I make good money AND get a bonus? no complaints here when so many folks got way worse situations.
5. "RE: Piggybacking off my last post: Does ur company offer a Bonus Structu..." In response to Reply # 0
Yes, and like TR808 said, its about 45% off the top, broken down like this:
• 25.0% - Federal taxes • 9.62% - State (New York) • 4.25% - Local taxes (New York City) • 10.23% - State (California) • 7.65% - Medicare and Social Security
My bonus this year is 27% of yearly salary, its nice, but i have a ton of colleagues here who get 100% salary bonus. It's nuts lol
12. "why are you paying income tax for two different states?" In response to Reply # 5
------- "A man who is good enough to shed his blood for his country is good enough to be given a square deal afterwards. More than that no man is entitled, and less than that no man shall have." - TR
15. "holla at a cat who works at vanguard" In response to Reply # 0
they get the huskiest bonuses outside of wall street from what i've seen was a consultant there couple of years ago and cats making say $50k were getting like $25k bonuses every yr pretty impressive ratio assuming it's consistent across income levels
18. "managerial, yes. Anadarko can have 35% bonsuses tho" In response to Reply # 0
ours come in june tho last year i got a bonus on top of bonus.
i chop it up with a lot of anadarko ppl they get a regular individual bonus up to like 15% but then they get a company wide bonus depending on where their company ranked against their competitors marketshare.
if they are #1 then they get like 20% bonus on top of the individ bonus so it can be 35% after #6 on the marketshare list aint no extra bonus
O+G be having hefty bonuses like Wall Street Houston is actually the Wall Street of Texas