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View Full Version : Do you get a Christmas bonus?


Toad
12-05-07, 10:12 AM
Speaking of Christmas Vacation (see other anti-Christmas Vacation thread, too lazy to link it), do you get a bonus?

At my old firm, I got $100.

cdollaz
12-05-07, 10:19 AM
We get an across-the-board bonus based on pay grade, not on individual performance.

trubiet
12-05-07, 10:21 AM
I get between $1500-$1900 each year. And this year I get an extra $500 because I have been with the company for 5 years as of 12/21/07.

Comes in nice right after Christmas.

GreenEggs248
12-05-07, 10:22 AM
No, and thanks for reminding me. :grunt:

C-Mart
12-05-07, 10:24 AM
None for me... I need to get a job for a bigger firm. Usually I get some home-office related present, usually <$50 worth.

twikoff
12-05-07, 10:26 AM
No, and thanks for reminding me. :grunt:

what he said

4KRG
12-05-07, 10:27 AM
Not normally, but I have in the past. It depends on a lot of factors, but I would say most people at my company do not. Our "bonus" comes in the March/April time frame. I guess they figure it is better to get the money around tax time than christmas time :lol:

C-Mart
12-05-07, 10:30 AM
Not normally, but I have in the past. It depends on a lot of factors, but I would say most people at my company do not. Our "bonus" comes in the March/April time frame. I guess they figure it is better to get the money around tax time than christmas time :lol:

I did usually get a bonus at review time when I would also get my raise. It got worse in each year though... first year I got $1000. The following year I got to use company money to buy a company owned computer ($2000) that resides in my home office. This past year I got nothing... possibly because I will hopefully be a PE soon and they will have to up my pay or give me a bonus at that time to keep me.

kvrdave
12-05-07, 10:35 AM
It depends on what you produce. 2% of what you earned is the bonus.

ytrez
12-05-07, 10:41 AM
No :(

The Infidel
12-05-07, 10:44 AM
Depends on if she's in the mood or not.

zuffy
12-05-07, 10:46 AM
Zippo. Will have to wait until May for the annual bonus.

AGuyNamedMike
12-05-07, 10:46 AM
Sometimes. It usually amounts to $250 after taxes, which is a few dinners out with my wife, so that's nice. It doesn't sound like much, but I work at a college, so it's pretty unusual.

Charlie Goose
12-05-07, 10:49 AM
Nope, I get a bonus in April. I wish I could get it now.

whitetigeress
12-05-07, 10:50 AM
No :(

Save Ferris
12-05-07, 10:51 AM
our bonus is usually around a weeks worth of pay. Evidently some coworkers get more but thats about the average.

Groucho
12-05-07, 10:54 AM
My boss called me and said "For Christmas, how would you like a pay raise of $12,168 a year?"

"Sure!" I said.

"Great," he said. "You're fired! So your salary is now $0. But if you get a full time minimum wage job, you'll get that pay raise!"

drmoze
12-05-07, 10:56 AM
Law firms here give silly year-end bonuses, which I guess are similar to "Christmas" bonuses. Mid-level associates generally get around $30-$50k. I for one am not complaining.

Save Ferris
12-05-07, 10:58 AM
My boss called me and said "For Christmas, how would you like a pay raise of $12,168 a year?"

"Sure!" I said.

"Great," he said. "You're fired! So your salary is now $0. But if you get a full time minimum wage job, you'll get that pay raise!"


I LIKE IT!
http://www.dvd.net.au/movies/s/10961-3.jpg

WallyOPD
12-05-07, 11:08 AM
No bonus, although generally our annual raises first show up in our first paycheck in December but we get a retro check for pay back to September (when our fiscal year starts) for the difference between old salary and new. It serves as sort of a de facto bonus.

Numanoid
12-05-07, 11:08 AM
No. But I DO get no Christmas bonus! It comforts me somehow. :(

fishdude
12-05-07, 11:13 AM
We get profit sharing ..... this year I should be getting about 10% of my salary.

bunkaroo
12-05-07, 11:17 AM
I get a staggeringly large $75.

Of course they cut it as a payroll check instead of an expense check, so I only see about $46 of it.

I usually just take the woman out to eat with it.

j123vt_99
12-05-07, 11:19 AM
I won a $35 target gift card at our xmas party... so yes

Tracer Bullet
12-05-07, 11:21 AM
Yes.

superdeluxe
12-05-07, 11:24 AM
No. We get our annual bonus in April.

girlnextdoor
12-05-07, 11:29 AM
I am new to this company - but I have heard that we get Wal-Mart Gift Cards as a bonus - haven't heard any amount yet.
KK


<a href="http://www.mikesfreegifs.com"><IMG SRC="http://www.mikesfreegifs.com/main4/christmas/xmastree1.gif" ALIGN=LEFT BORDER=0 HSPACE=10><a/>

C-Mart
12-05-07, 11:32 AM
I won a $25 wal-mart gift card at my wife's holiday party.

Brian Shannon
12-05-07, 11:37 AM
No, not at any job I have ever had

Ocelot
12-05-07, 11:50 AM
Nope, but i'm still happy :)

Maxwell Smart
12-05-07, 12:14 PM
we don't, but we get a xmas party. I would prefer no party and they give out bonuses. The party costs a shitload i'm sure.

trubiet
12-05-07, 12:36 PM
we don't, but we get a xmas party. I would prefer no party and they give out bonuses. The party costs a shitload i'm sure.

I agree, even though I get a decent bonus. Our company spends alot of money on our Christmas party. I would rather have a larger bonus, but roughly $2K is nothing to complain about.

boobietheclown
12-05-07, 12:36 PM
Steak knives!

ChiTownAbs, Inc
12-05-07, 12:39 PM
No.

Mordred
12-05-07, 12:44 PM
We get a company profit sharing bonus in mid-November which ends up being some complicated formula involving YOY Growth Rate and Operating Income which can max out at an insanely unrealistic 15% (we'd have to hit 40% growth for that, which is unpossible for a billion $ company in our industry). This year it's been estimated at 3.7% of my salary, 2/3rds of which I already got and the remaining third arrives in February after the Q4 numbers have come in. As the Q4 is our biggest selling of the year it always bumps the numbers considerably and the february payout is usually only a little less than the November payout.

stingermck
12-05-07, 01:00 PM
Nope, but I'm taking 12 days off. Yay for college closings :)

B.A.
12-05-07, 01:06 PM
I have the last two years, not sure about this year.

Liver&Onions
12-05-07, 01:10 PM
I have no clue - it's my first Xmas with the company. I do however get very nice bi-annual raises/bonus/stock option grants so I won't be disappointed if I get nothing as a holiday bonus.

Hiro11
12-05-07, 01:11 PM
8-14% depending on performance. I find out Friday if I'm up half a million in soybeans or, boom, my kids don't go to college and they've repossessed my Bentley.

orangecrush
12-05-07, 01:12 PM
I get a choice of steaks, spiral cut ham, turkey or fruit basket. I loves me some spiral cut ham.

kvrdave
12-05-07, 01:13 PM
Law firms here give silly year-end bonuses, which I guess are similar to "Christmas" bonuses. Mid-level associates generally get around $30-$50k. I for one am not complaining.

Wow. :up:

Cardsfan111
12-05-07, 01:31 PM
Getting Christmas Day off is about the biggest bonus I see...

ILoveDVDs28
12-05-07, 01:51 PM
I am new to this company - but I have heard that we get Wal-Mart Gift Cards as a bonus - haven't heard any amount yet.
KK


<a href="http://www.mikesfreegifs.com"><IMG SRC="http://www.mikesfreegifs.com/main4/christmas/xmastree1.gif" ALIGN=LEFT BORDER=0 HSPACE=10><a/>

Yeah, I get $75 dollars Wal-Mart gift card every year as a bonus, not too shabby, I always buy DVDs with it

dick_grayson
12-05-07, 01:57 PM
lump of coal

SpaceBoy
12-05-07, 02:14 PM
we don't, but we get a xmas party. I would prefer no party and they give out bonuses. The party costs a shitload i'm sure.

Same here.. They have an open regular bar, martini bar, string music, sushi bar etc... but not a dime to take home. I would rather have even 50 bucks then the party at this point. It was fun the first year, but it's been about the same every other year so what's the point.

ILoveDVDs28
12-05-07, 02:15 PM
lump of coal

:lol: I am thinking of giving my brother a box of coals for Christmas as a joke

dick_grayson
12-05-07, 02:17 PM
Same here.. They have an open regular bar, martini bar, string music, sushi bar etc... but not a dime to take home. I would rather have even 50 bucks then the party at this point. It was fun the first year, but it's been about the same every other year so what's the point.


just load up your pockets with sushi. that shit will keep forever!

Jericho
12-05-07, 02:21 PM
Depends. I know most employees get two weeks pay as a bonus. But they are hourly, and I'm on salary. I do know I have a guaranteed "bonus", that's really just part of my salary that's deferred to the end of the year. If I get anything on top of that, I don't know. This is my first year here, which means if there is a bonus it's probably small (new hourly employees also get less of a bonus).

achau9598
12-05-07, 02:28 PM
Nothing at any job I've ever had :(

majorjoe23
12-05-07, 03:23 PM
My girlfriend gets $100 for every year at her job, this year she'll get $300.

I get a calendar.

nickdawgy
12-05-07, 04:29 PM
All I got is a membership in the Jelly of the Month club.

Dirk
12-05-07, 05:09 PM
Nada, nothing, zip... except that wonderful feeling that comes from serving the public...

cupcake jesus
12-05-07, 05:24 PM
Apparently my bosses are really generous, and I should thank them at work tomorrow. I got $700 this year ($500 last year), and I get quarterly profit sharing bonuses, which are anywhere in the $1500-$2000 range.

cheers,

-the Jesus

whaaat
12-05-07, 05:42 PM
I just found out what my bonus is going to be today, it's about 1.5X last year's. :up:

dom56
12-05-07, 05:54 PM
Nope.

grrrah
12-05-07, 07:17 PM
i can't wait to get our annual gift card :up:

on good years, we even get a polo shirt with the company logo

:(

fumanstan
12-05-07, 07:32 PM
Yes.

tommyp007
12-05-07, 07:42 PM
I haven't at previous jobs, but where I work now we do get bonuses, based on how long you've been there and how good the year was. I have no idea what it will be. probably a hundred or so.

jrobinson
12-05-07, 07:45 PM
Hahaha, bonus, no. :(

EdTheRipper
12-05-07, 07:54 PM
Nope.

Jason
12-05-07, 08:04 PM
We get a bonus in July, and our raises usually start in October. Nothing during the holidays though.

Walker Boh
12-05-07, 08:39 PM
No.

kantonburg
12-05-07, 09:03 PM
We are supposed to. Our profit sharing is formula based on increased revenue and achiving goals the company set. We have one more job to complete and if we get it done by Christmas we could get 800-1000 (before taxes of course).

dadaluholla
12-05-07, 09:36 PM
Turkey/Ham combo package.

Bacon
12-05-07, 10:25 PM
5 cents per hour worked over the past year

story
12-06-07, 12:39 AM
I typically get a few items (plants, treats, mugs, coffee, etc.) and gift cards ($50 at Famous Dave's, $25 at B&N, $40 at Biaggi's, $15 at Caribou Coffee, etc.) from the families I work with and my supervisor, plus cards and photos of the youth. It's nice to be able to take the lady out for dinner, grab some DVD deals, and get a few free coffees, plus know I'm appreciated.

ILoveDVDs28
12-06-07, 12:55 AM
I typically get a few items (plants, treats, mugs, coffee, etc.) and gift cards ($50 at Famous Dave's, $25 at B&N, $40 at Biaggi's, $15 at Caribou Coffee, etc.) from the families I work with and my supervisor, plus cards and photos of the youth. It's nice to be able to take the lady out for dinner, grab some DVD deals, and get a few free coffees, plus know I'm appreciated.

What is Famous Dave's?

Nth Power
12-06-07, 04:10 AM
I think my company sees me keeping my job as a bonus. hooray.

antennaball
12-06-07, 08:17 AM
Nothing for me, naturally. Well-intentioned people (usually older ladies) in my district sometimes try to give me gifts, which I naturally can't accept. Except for cookies. I take most of those.

girlnextdoor
12-06-07, 08:59 AM
Yeah, I get $75 dollars Wal-Mart gift card every year as a bonus, not too shabby, I always buy DVDs with it


DVD's are always good.

KK
<a href="http://www.mikesfreegifs.com"><IMG SRC="http://www.mikesfreegifs.com/main4/christmas/redblnk3.gif" ALIGN=LEFT BORDER=0 HSPACE=10><a/>

achau9598
12-06-07, 09:31 AM
What is Famous Dave's?

really good BBQ restaurant

ILoveDVDs28
12-06-07, 04:51 PM
really good BBQ restaurant

Thanks, I love BBQ, too bad they don't have it in Oklahoma, where do you live?

ILoveDVDs28
12-06-07, 04:52 PM
DVD's are always good.

KK
<a href="http://www.mikesfreegifs.com"><IMG SRC="http://www.mikesfreegifs.com/main4/christmas/redblnk3.gif" ALIGN=LEFT BORDER=0 HSPACE=10><a/>

Yup, I am planning to buy Melrose Place Season 3 and Ghost Whisperer Seasons 1 and 2 with my gift card

Quake1028
12-06-07, 07:12 PM
I think I'll get about $50-$75 from my company this year. Just started in late September, and I think it scales depending on how long you have been there. GF gets 2 full weeks of pay from her company.

zombeaner
12-06-07, 08:26 PM
Technically yes. The last couple of years I've gotten a $200 "bonus". The first year it was just added to my regular, rather meager, salary, and therefore taxed down to a $130-$140 bonus above my regular take home pay. Last year it was added pre-taxes at $260 which was taxed down to about $200. Seems okay. Problem is, I work in retail, so I work many extra hours during the holidays, and I work on salary. I don't get any extra pay or overtime for the extra hours, so my "bonus" ends up almost paying for the extra hours I work. This year I think it will be different, we've had a slight management change which has meant a LOT of extra money in my pocket, so I think they'll make an effort to share the wealth a little more.

Tygan
12-07-07, 09:08 AM
Nope - just get a year end bonus of 2% of my salary deposited into my 401K in company stock. Not complaining though.

calhoun07
12-07-07, 08:54 PM
I get what's called a Stakeholder's bonus, but it doesn't come until January. I think it will just be a little over or under a whole week of pay this year. Normally, it's bigger, but this year has been a bit harder financially. (And part of it is put into a 401K for us too, whether we want it to go there or not.)

One year I got nearly 4 weeks of pay.

My only wish is they could get it figured out how to get this to us in December, but I am not complaining.

I get unused sick time in my paycheck before Christmas so that's like a small Christmas bonus.

JP5683
12-08-07, 02:42 AM
Well, this year, I got a "stay well" bonus...

Every check (biweekly), I get about 2-3 hours of long term sick leave.

If you hit the limit (480 hours), they pay you for the hours in December that you have over 480. Only it's at 25% of your regular pay, and it's added to a regular check, so you get more taxes.

So I got about an extra $60. Whoopee.

Raises come second paycheck in January. No idea how much a raise I'll get for 08.

mndtrp
12-08-07, 05:17 PM
Christmas bonus, no. We get a yearly bonus, but it's not a Christmas one. About every 3 years, the boss takes us out for dinner. That's about the best we get.

Gizmo
12-08-07, 07:16 PM
Kinda. We get money put away from every paycheck that gets paid out at the end of the year + an additional amount depending how well we did. I expect to get an additional $30 :lol:

argh923
12-09-07, 06:11 AM
No Christmas bonus, but I get a bonus between $1000-$2500 each month anyway.

atari2600
12-09-07, 11:35 AM
No Christmas bonus, but I get a bonus between $1000-$2500 each month anyway.

damn thats way better than any christmas bonus! what do you do to get those kind of bonuses MONTHLY??

Feneant
12-09-07, 02:09 PM
Meh, I work for the government, we get 0 incentives/bonus's. Luckily our salaries are pretty good to begin with.

FusionX
12-09-07, 02:17 PM
I don't get a bonus now, but when I worked for a high end auto body shop, I got around 5K. A certain percentage of every job is put back (not taken out of normal salaries, but out of profits), then at the end of the year, it is divided between the upper level technicians. That plus all the goodies the various vendors brought made for a decent holiday boost.

Big Dave
12-09-07, 05:46 PM
We get a yearly one depending on how your site and/or sector did that year. For the level I was at for 75% of the year that can be up to 10% of your salary. Now, I am in a new bracket where it can be up to 25% of your salary. You also get profit sharing that goes into your 401k which is usually a couple thousand. None of that hits till early April however.

When I was at an actual site we also usually have a Christmas party of some sort, but since I travel all the time that will not happen anymore.

Lemdog
12-09-07, 05:49 PM
My bonus it that I get to keep my job.

Numes
12-10-07, 07:20 PM
All I got is a membership in the Jelly of the Month club.

:D

That's the gift that keeps on giving the whole year.

superdeluxe
12-10-07, 07:55 PM
Thanks, I love BBQ, too bad they don't have it in Oklahoma, where do you live?


Thats because I think in Oklahoma you can get real BBQ from local establishments.

We have a famous dave's out in tacoma, but the local BBQ spot is better.

superdeluxe
12-10-07, 07:57 PM
Our company used to have a decent christmas party, basically go out to some large hall, eat a decent buffet meal, and have some crappy entertainment.

This year, we get to stay at our workplace, eat take out olive garden, and play some christmas games in a meeting room.

LivingINClip
12-10-07, 11:57 PM
Normally, we don't, but this year they are giving everyone $500 bucks.

argh923
12-11-07, 12:33 AM
damn thats way better than any christmas bonus! what do you do to get those kind of bonuses MONTHLY??

I work in the student loan industry.

brooke789
12-11-07, 07:07 PM
no bonuses working for the state.

msdmoney
12-11-07, 11:03 PM
I think we are getting gift cards this year for Christmas, but we get profit sharing bonuses twice a year generally (January and July). They are usually around 1k plus or minus.

zekeburger1979
12-12-07, 12:33 AM
Nothing since I'm unemployed at the moment.

will travel
12-14-07, 01:30 AM
My Christmas Bonus this year is a Free Turkey. -rolleyes-

Anubis2005X
12-14-07, 05:51 AM
We don't get jack. No party, no nothin, grr...

drmoze
12-14-07, 10:13 AM
I work in the student loan industry.

Is that a bonus, or a commission?

Johnny Zhivago
12-14-07, 10:18 AM
No money but I do get an extra week of paid vacation... X-mas eve -> Jan 2nd is paid time off.

yojimbo44
12-14-07, 10:28 AM
I'll find out this evening - we got a new regional GM in the spring and one of his first orders of business was to promise everyone raises at some point during the year - we found out he submitted the company budget in august for the next year - no raises - that and other factors lead to the employees becoming unionized in the fall - the new GM got major flack for that from the owner since it happened on his watch and he was named almost as much as Clemons in the Mitchell report for the reasons for unionization. He's also a big time watch me spend money kind of ass, so the company x-mas party is this evening at a swanky pub - interested to see if it will be a kiss up or F U kind of affair. We haven't received bonuses in the past so part of me thinks this will be his chance to make good - part of me also thinks he'll continue lying through his baked bean teeth - if - and when - he insults my wife though i've got a line for him....THAT would be my bonus. :banana:

Nosmo Rex
12-14-07, 10:46 AM
http://www.nosmorex.com/Pictures/Scan0097.jpg

Better than a poke in the eye with a sharp stick, i suppose. :shrug:

slymer
12-14-07, 11:10 AM
yes, usually around $300 - $400.

lordwow
12-14-07, 11:18 AM
Sure do. I get to work more.

debbert
12-14-07, 11:29 AM
:D

That's the gift that keeps on giving the whole year.

No bonus this year for me.


"Hey. If any of you are looking for any last-minute gift ideas for me, I have one. I'd like Frank Shirley, my boss, right here tonight. I want him brought from his happy holiday slumber over there on Melody Lane with all the other rich people and I want him brought right here, with a big ribbon on his head, and I want to look him straight in the eye and I want to tell him what a cheap, lying, no-good, rotten, four-flushing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, dickless, hopeless, heartless, fat-ass, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey shit he is. Hallelujah. Holy shit. Where's the Tylenol?" - Clark Griswold

prp2
12-14-07, 12:38 PM
Hopefully we will this year. Last year we got nothing at all, not even a handshake or a pat on the back.

jjcool
12-14-07, 08:52 PM
Yes I do. In fact just got it today with my paycheck. works out to about a weeks paycheck before taxes, in cash. Plus I get the week between christmas and new years off paid.

criptik28
12-15-07, 07:38 PM
Ha ha ha ha ha! A what? Never heard of it.

AudioWizard
12-15-07, 10:19 PM
8gb Ipod Nano, it's now for sale on craigslist

argh923
12-15-07, 10:44 PM
Is that a bonus, or a commission?

Bonus.

Sparrow
12-16-07, 01:36 AM
Nope, but I wish I did. Work for a large telecommunications company and we do get yearly bonuses based on how well the overall company is doing, but no Christmas bonus.

DullandWitless
12-16-07, 07:22 AM
Yes. The company hands out a percentage of your income that year. Some years it's been 17 to 18%, but this year and the last three years, it has been 13%. Quite an awesome bonus, in my opinion.

I've haven't been there the whole year, but my bonus was $1,600. The other guys were getting between $5 and 6,000.

Numes
12-16-07, 07:31 AM
Yes. The company hands out a percentage of your income that year. Some years it's been 17 to 18%, but this year and the last three years, it has been 13%. Quite an awesome bonus, in my opinion.

I've haven't been there the whole year, but my bonus was $1,600. The other guys were getting between $5 and 6,000.

That's similar to the company I work for. In my position, we always get 5.5% of our salary, and then (depending on what pre-defined goals the company met) that is modified by a maximum of 200%. This year it was 173%. That works out to 9.5%. The tax on bonuses is huge (around 40%), so I think I ended up getting around $4K this year.

The year after 9/11 -> No bonuses, no raises. Since then, though, there has been a large growth in the company and we have been getting compensated pretty well.

As one poster said, it is really a yearly bonus, but it always comes in December, so that is virtually synonymous with a "Christmas bonus."

DullandWitless
12-16-07, 08:33 AM
That's similar to the company I work for. In my position, we always get 5.5% of our salary, and then (depending on what pre-defined goals the company met) that is modified by a maximum of 200%. This year it was 173%. That works out to 9.5%. The tax on bonuses is huge (around 40%), so I think I ended up getting around $4K this year.

The year after 9/11 -> No bonuses, no raises. Since then, though, there has been a large growth in the company and we have been getting compensated pretty well.

As one poster said, it is really a yearly bonus, but it always comes in December, so that is virtually synonymous with a "Christmas bonus." Very nice.

The company I work for always says "It is not guaranteed", but from what I hear, they have always given one out, and the company is only getting bigger.

darkessenz
12-16-07, 10:21 AM
That's similar to the company I work for. In my position, we always get 5.5% of our salary, and then (depending on what pre-defined goals the company met) that is modified by a maximum of 200%. This year it was 173%. That works out to 9.5%. The tax on bonuses is huge (around 40%), so I think I ended up getting around $4K this year.


FYI: Tax on bonuses is the same as the rest of your salary (unless, of course, the bonus pushes you over the next bracket)

Deadman31
12-16-07, 10:22 AM
Last year, my first year(actually only half a year), I got a $500 bonus. Im hoping this time I get a larger bonus since I have put in 11-12 hour days plus Saturdays for the last couple of months, and I was also promoted, although there is a rumor going around that we may not get anything this year.

yakuza70
12-16-07, 10:32 AM
I'm a teacher so my bonus is two week off!

stp115
12-16-07, 11:58 AM
I was there for 3 days and got $85.00 after taxes. Sadly, the best Christmas bonus that I've ever had.

Dying Here
12-16-07, 11:52 PM
I work for a very small company. My boss is insane, but generous.

Last year, after eight months in my first real job, I got $5k (>10% my total income). This year ~$3k. No idea about the rationale for either number, but I'm not complaining.

Gizmo
12-17-07, 03:07 AM
My bonus sucked this year.

They take a certain amount out of my paycheck every 2 weeks and put it to our "Holiday Fund". This year, they took $500 in total out. Guess how much I got back? $500! Our store didn't live up to "expectations" so we got nothing extra. In the mean time, they get to keep 200+ employees "Christmas Fund" money and collect interest on it (and mine being $500 is low, some people have $5,00-$15,000 depending how much they make each paycheck). Love it! :lol: Oh well.

yojimbo44
12-17-07, 10:40 AM
http://www.hipernet24.pl/sklep/img_items/b/075/7513.jpg

that was my bonus. i posted before our company party last week - well, no cash bonus or anything usable. the "gifts" came from one of our sister radio stations' prize vault - they were drawn randomly and i got 19 bottles of shampoo - the kicker is that they are all specially formulated - dry hair, oily hair, frizzy hair, etc - even if it had been 19 bottles of everyday stuff that would have been something...unless management was trying to tell me it's time to leave radio and open a salon. i so want to put something on the station's blogs about this... :grunt: :grunt:

atari2600
12-17-07, 11:49 AM
My bonus sucked this year.

They take a certain amount out of my paycheck every 2 weeks and put it to our "Holiday Fund". This year, they took $500 in total out. Guess how much I got back? $500! Our store didn't live up to "expectations" so we got nothing extra. In the mean time, they get to keep 200+ employees "Christmas Fund" money and collect interest on it (and mine being $500 is low, some people have $5,00-$15,000 depending how much they make each paycheck). Love it! :lol: Oh well.

is that legal??

Toad
12-17-07, 11:51 AM
FYI: Tax on bonuses is the same as the rest of your salary (unless, of course, the bonus pushes you over the next bracket)

Huh?

I always get taxed way more for bonuses.

argh923
12-17-07, 12:16 PM
FYI: Tax on bonuses is the same as the rest of your salary (unless, of course, the bonus pushes you over the next bracket)

Not at all true. My bonuses are taxed 36.7%.

Artman
12-17-07, 12:57 PM
Yeah, profit sharing... if expectations are met, it's set at 10 wks of pay. It was a good yr this yr!

Numes
12-17-07, 01:39 PM
FYI: Tax on bonuses is the same as the rest of your salary (unless, of course, the bonus pushes you over the next bracket)

As others stated, this is not true. My bonus and my overtime pay is always taxed right around 38%. My normal paychecks are taxed around 30-32%... Which reminds me, I have to change my deductions.

The Bus
12-17-07, 01:54 PM
darkessenz is correct.

There is no magical "bonus" entry in your tax return. You don't fill out a Form 58061Z: "Overtime work I done did." Line 7 on the 1040 reads "Wages, salaries, tips, etc." That includes the bonus. And overtime.

Now, if your HR department / payroll outsourcing company decides to withhold taxes at a different amount, that's something different altogether. What is withheld from your paycheck is not the "tax you pay"... That's why you do a tax return at the end of the year and pay more or less depending on what was taken out.

And your wage, salary, commission, bonus, etc, all gets lumped in there.

printerati
12-17-07, 02:26 PM
I always have, and it's either a gift certificate, traveler's cheque, or a "payroll" type of check. The latter is always for an amount that ends up being an even $100, $200, etc. after taxes. Not sure what it will be this year, but I should find out on Thursday.

pilot
12-17-07, 02:57 PM
I got $200. My sister got screwed (technically, since you really don't have to receive a bonus). She got $150, other employees there got between $600 and $1,000 (their reasoning was that she wasn't there "a full year") .. my mom got $1,000 two years ago and last year $100 (she couldn't figure it out)

Numes
12-17-07, 03:19 PM
darkessenz is correct.

There is no magical "bonus" entry in your tax return. You don't fill out a Form 58061Z: "Overtime work I done did." Line 7 on the 1040 reads "Wages, salaries, tips, etc." That includes the bonus. And overtime.

Now, if your HR department / payroll outsourcing company decides to withhold taxes at a different amount, that's something different altogether. What is withheld from your paycheck is not the "tax you pay"... That's why you do a tax return at the end of the year and pay more or less depending on what was taken out.

And your wage, salary, commission, bonus, etc, all gets lumped in there.

Well, I was only referring to what I see on my paycheck. I wasn't referring to what happens at tax time. The original question implied (to me) what goes in my back account as a bonus every year.

I'm sure you are right on everything evening out at tax time.

B.A.
12-17-07, 03:20 PM
I should be getting one at the end of the week.

Ginwen
12-17-07, 03:32 PM
I work for the government and it's illegal for me to get a bonus. My wife usually gets a couple hundred bucks, but has a new job so we'll see.

Jeremy517
12-17-07, 03:45 PM
Last year, I got a $50 GC for Honey Baked Hams. I hate ham.

Oddly enough, the best bonus I've ever gotten was from the crappy minimum wage job I worked in high school. They gave me a week of pay one year. The other years, my bonuses from that job were two free movie rentals and a turkey

The $50 GC was the only thing I've gotten in the eight years of my professional career... except for the one year that I got laid off.

kantonburg
12-17-07, 03:59 PM
I got $200. My sister got screwed (technically, since you really don't have to receive a bonus). She got $150, other employees there got between $600 and $1,000 (their reasoning was that she wasn't there "a full year") .. my mom got $1,000 two years ago and last year $100 (she couldn't figure it out)

How long had she worked there? I'm curious because I guess a company has to have a cutoff at some point. Our's is you had to be employed January 1 of the current year to qualify for the bonus. If you were hired anytime during the current year you get a Walmart GC. Last year the GC was $75 I think. Our bonus last year was $750 before taxes.

pilot
12-17-07, 04:09 PM
How long had she worked there? I'm curious because I guess a company has to have a cutoff at some point. Our's is you had to be employed January 1 of the current year to qualify for the bonus. If you were hired anytime during the current year you get a Walmart GC. Last year the GC was $75 I think. Our bonus last year was $750 before taxes.

She worked for them at a different location part time for while, and switched to a different location (where she is now) fulltime. She started with the company in April 05 part time, and became fulltime at the present location around April of this year.

Doesn't matter anymore. She's giving two weeks notice this week or next and is going back to school full time.

majorjoe23
12-18-07, 04:51 PM
My girlfriend gets $100 for every year at her job, this year she'll get $300.

I get a calendar.

I just got a $25 Target gift card, but also found out we may not get a calendar.

argh923
12-18-07, 10:46 PM
Well, I was only referring to what I see on my paycheck. I wasn't referring to what happens at tax time. The original question implied (to me) what goes in my back account as a bonus every year.

I'm sure you are right on everything evening out at tax time.

Same here, and that was the way I took it as well.

neiname
12-19-07, 10:00 AM
No but I do get a nice yearly bonus, may be down somewhat this year though.