Increasing Allowances for CPA Bonus from Big 4 firm

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  • #178061

    Hi

    First post here =) Not sure if this is in the right forum, mods please feel free to move.

    I just found out I passed the CPA exam. I work for a Big 4 firm, and they will give me $5k for passing the exam.

    I understand bonuses are taxed at a higher rate (the payroll system assumes you make that much each pay period).

    How can I calculate how much I should increase my allowances by? I tried googling this but no luck.

    FWIW, I earn first-year staff salary and I currently claim 2 allowances (filing status: single). No crazy deductions. I can provide additional information if needed.

    Any help is greatly appreciated.

    Thank you.

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