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Signing Bonus/Tax bracket Question
Old 02-01-2007, 08:47 AM   #1
Dryer sheet wannabe
 
Join Date: Jan 2007
Posts: 19
My wife just finished grad. school...finally!! She recieved a $27,000 signing bonus, while still in school (2006). She does'nt start work until next week so this was her only reported income on her 2006 W-2. The check that we recieved was $25,000. They originally deducted $1678 for SS and $392 for Medicare. Thats it!?

What should I be prepared to pay for this tax season?
Jbird is offline   Reply With Quote
 

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