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?
What should I be prepared to pay for this tax season?