Explore the 1,000’s of tax questions answered by professionals.

Back to list


Related User


I have been at my comapny for 10 years. As a gift, my boss gave me $10,000. He was going to buy me a car, but did not know which to buy so he is giving straight cash. Would this be taxed differently then a bonus?


The BIDaWIZ Team's Answer:

A cash bonus is considered supplemental income subject to federal, state and payroll taxes. Your employer should gross up the bonus to include those taxes if the intent is to provide $10,000 cash to you.

The BIDaWIZ Team



  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.