Bonus Calculation 2019

[cooler1987]

Hi,

i'm receiving a bonus pay out this month. I would like to calculate the tax that will be deducted from the bonus. My gross is R42000, bonus will be either 140 or 160%.

What will the final amount be if it’s one of the above percentages?

 

[ToxicBunny]

work on the maximum marginal tax rate, and then you will only be surprised by getting a little bit extra.