Bowl Payouts

[Turbine]

Probably not...not to say bowl $ isn't involved as a revenue line, but the University probably maintains a "bonus pool" of $ equal to potential bonuses owed across all university departments...speculation on my part...however contracting for bonus $ as part of a pay plan and not having the bonus available to pay out is a court date waiting to happen...youve also got the added element of how the IRS views the taxation of bonus $...

Contingency income.
Contingency pay.

[CajunVic]

If we owe it, pay it . . .

[R1Letterman]

Probably not...not to say bowl $ isn't involved as a revenue line, but the University probably maintains a "bonus pool" of $ equal to potential bonuses owed across all university departments...speculation on my part...however contracting for bonus $ as part of a pay plan and not having the bonus available to pay out is a court date waiting to happen...youve also got the added element of how the IRS views the taxation of bonus $...

is bonus $ taxed differently or just withheld at a higher rate initially?

[R1Letterman]

Probably

a bonus paid for going to a bowl, seems like should be an expense of going to said bowl. if you dont go to bowl you dont pay bowl bonus

[Esqueleto]

a bonus paid for going to a bowl, seems like should be an expense of going to said bowl. if you dont go to bowl you dont pay bowl bonus

That makes sense

[CajunVic]

Wait, can’t be over here making sense . . .

[fanof71]

is bonus $ taxed differently or just withheld at a higher rate initially?

The IRS taxes a bonus differently than normal wages.
If you're not careful, half the bonus goes to IRS...this was prior to Trump Tax Cuts, not sure about now...

[CajunVic]

I believe it’s taxed the same . . .

[Turbine]

I believe it’s taxed the same . . .

I believe you are correct.

[fanof71]

Unless it's bern changed...my last large bonus was taxed as bonus and it was highway robbery

[fanof71]

bonus is always a welcome bump in pay, but it's taxed differently from regular income. Instead of adding it to your ordinary income and taxing it at your top marginal tax rate, the IRS considers bonuses to be “supplemental wages” and levies a flat 22 percent federal withholding rate

[MelRock]

Most companies do not tax bonuses properly. While they take more taxes out at the time of the bonus, you usually get them back at the end of the year.