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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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