A bonus is a type of payment on top of your regular wages. And you probably wait all year to receive yours. But they’re still income and subject to taxes. You’ll note this when you see that your bonus is much smaller than you thought. There are two ways to tax your bonus. So, what…
Swiss Suspend Bonus Payouts to Credit Suisse Staffers
GENEVA—Switzerland’s government said Tuesday that it’s ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS. The Swiss Department of Finance says federal law allows the government to set “remuneration-related measures” in cases involving Switzerland’s biggest banks. Late last…
Boeing Denies CEO Calhoun $7 Million Bonus Due to 777X Delays
WASHINGTON—Boeing Co. Chief Executive Dave Calhoun will not receive a $7 million bonus due to the company’s failure to enter the 777X into service by the end of 2023, Boeing said Friday. Boeing offered the performance-based incentive to Calhoun when he replaced former CEO Dennis Muilenburg in January 2020 and required that Calhoun achieve seven…
Amazon to Hire 150,000 Workers Ahead of Holiday Season
Amazon.com Inc. said on Thursday it would hire 150,000 employees in full-time, seasonal, and part-time roles across its operations in the United States ahead of the upcoming holiday season. The world’s largest online retailer, which hired the same number of workers last year September, said the new roles are for packing, picking, sorting, and shipping…
Alberta’s Chief Medical Officer of Health Given Record-High Bonus of $228K in 2021
Last year, Alberta’s Chief Medical Officer of Health received the largest cash bonus paid to a civil servant in the province since 2016. Dr. Deena Hinshaw’s salary in 2021 was $363,634, but she also received an additional cash bonus of $227,911—a record amount since 2016, when the Alberta government started publishing the salaries of its highest-paid public…
364 Public Servants Stood Down As Northern Territory Vaccine Mandate Come Into Force
The Northern Territory Government has stood down 364 public servants who would not comply with the local government’s COVID-19 vaccine mandate, which required all public servants to receive their first COVID-19 vaccine by Nov. 13. This came on the back of the Chief Health Officer’s (CHO) health direction No.55, which states that the COVID-19 vaccination is…
Quebec Offers Bonuses up to $18,000 to Keep Nurses in Struggling Health System
Quebec is offering up to $18,000 in bonuses for full-time nurses to prevent more of them from quitting the province’s struggling healthcare system. Premier François Legault told reporters today he is launching a “mini revolution” in the health network following months of pandemic-induced stresses that have contributed to a shortage of 4,300 nurses in the…
‘A Good Sign’: Fewer People File for Unemployment in States Cutting Federal Bonus, Data Shows
States that withdrew from the federal pandemic unemployment bonus in June saw improving jobs numbers and fewer individuals filing for benefits compared to other states, Department of Labor data analyzed by the Daily Caller News Foundation showed. “I continued to see increases in the number of unemployed and, in some weeks, increases in the new…
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