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How to plan for annual bonus?

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(@refugio)
Eminent Member
Joined: 1 month ago
Posts: 19
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I'm stumped on this - I think it's pretty common for folks to receive an annual bonus - normally a couple of months after their company's year-end - but I can't seem to find a way to model this. The term "bonus" doesn't exist in the UM. Input says "Gross Income" and the hover-text says "Gross Wages" - and that's my point, they aren't the same thing. There was a thread on the Forum about the withholding rate for bonuses. But like pension accrual, this is typically a once a year thing that does not happen after you "R". How are other folks modeling this? Most of the comp plans I've seen have a "target bonus" as a percentage of income - and at my level it's usually 15% - but I've also seen this at 10% or lower for some folks and I know that execs typically have progressively higher percentages.



   
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(@hines202)
Honorable Member Customer
Joined: 5 years ago
Posts: 519
 

@refugio Gross income field should be salary expected plus bonuses.



   
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