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Yes, bonuses are like wages. They are subject to the same income and Medicare taxes.

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Q: Are bonus subject to social security and medicare tax?
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Is a bonus considered a gift and are you taxed as such?

A bonus from your employer is not a gift and is strictly income. It is in no way a gift and cannot be considered as such. It is income from your employment and is reported as wages on your tax return. The employer is required to pay half of the social security and medicare taxes and to deduct the other half from your bonus check. The bonus is the same as any other income and must be treated as such.


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Is Social security tax and Medicare tax calculated on Discretionary bonus?

I concur, this is still considered income earned from employment and includable in the SS tax base. Yes, bonus payments, in fact virtually anything received of value, are the same as cash or any other income received from your employer for tax purposes. It is simply an 'Income' and therefore subject to income based taxes. (Depending on your particular plan, it may or may not be available for 401k matching). No - you didn't discover some strange loophole (because they don't exist) - like the calling a payment something other than salary makes it not income and not taxable! (If you did, it would be corrected by law and regulation in like 1 minute!)


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Why labor legislation's and how they ensure social justice in India?

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Did Social distortion cover the song all over now?

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Does a criminal wavier void your signing bonus for the marines?

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