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I recently worked moonlighting for 500$. On my paycheck, they took off 46% of the 500$ because apparently it is counted as supplemental wages since i am paid Biweekly on salary. And according to IRS, supplemental wages are taxed at 46.2% (Is what the payroll told me). My total income with moonlighting is still <70k so it seems to be non income dependent?
I tried to google for more info but I am unable to find more about this 46.2% tax for supplemental income. Anyone have more information about this?
I tried to google for more info but I am unable to find more about this 46.2% tax for supplemental income. Anyone have more information about this?