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teresac2
Level 1

When calculating an employee signing bonus is this calculated counting the days to 6 mo's or using the date in 6 months?

 
2 Comments 2
RenjolynC
QuickBooks Team

When calculating an employee signing bonus is this calculated counting the days to 6 mo's or using the date in 6 months?

Good day, teresac2.

 

In QuickBooks Online, you have two options on how to create a bonus check. Here are the following:

  • Pay the bonus separately from a regular payroll check.
  • Withhold at regular withholding rates on the employee's regular salary.

With regard to the calculation, you have the option to enter the bonus amounts As net pay (You pay the employee portion of taxes for the bonus check) or As gross pay (We'll figure out the net pay for you.) when creating a separate bonus pay.

 

You can check out this article for more information: Pay an employee bonus.

 

Please feel free to add a reply on this thread if you have any additional questions or other concerns. Take care and stay safe.

Teri
Level 9

When calculating an employee signing bonus is this calculated counting the days to 6 mo's or using the date in 6 months?

The answer to the question you asked is something determined by your company policy and practices and could be different at different companies.

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