@ November 09, 2012 10:00
As communicated via blog earlier this week and via email to all managers a few weeks ago, the quarterly safety bonus payments to our drivers changed to a direct deposit process this week and are included in the drivers' pay today. There has been some concern raised over the tax effect of including this in with the regular paycheck/direct deposit vs. the tax effect when we were issuing the bonus checks separately. Per IRS Publication 15 on bonus payments, any type of bonus payment, which would of course include safety bonus checks, must either be taxed a flat 25% or, alternatively, must be incl...
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