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GeishaMelodious GeishaMelodious Tue Oct 01 2024 | 5 answers 1388

Why was I taxed 40% on my bonus?

Hello, could you please explain to me why I was taxed 40% on my bonus? I understand that taxes are a necessary part of earning income, but I was surprised to see such a high percentage taken out of my bonus. Could you clarify what factors contribute to this high tax rate, and if there are any steps I can take to reduce my tax burden in the future? Thank you for your help.

Why was I taxed 40% on my bonus?

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