The hydrogenosome is a crucial organelle for some organisms that inhabit oxygen-poor environments, protists such as some free-living ciliates, unicellular parasites, termite flagellates and rumen fungi and rumen ciliates (Figs. 22.3 and 22.7). These organisms lack conventional mitochondria (Figs. 22.1 and 22.2).
1 Percentage Method. 2  The percentage method taxes a bonus at a flat rate, normally 25%. 3  If the bonus is in excess of $1 million, it is taxed at a rate of 39.6%. 4  This means that if your bonus is $10,000, and you are taxed using the percentage method, $2,500 goes to the IRS.
The good news is all gifts and awards to employees are deductible expenses for employers. Taxable Income to Employees. All cash or gift cards redeemable for cash are taxable to the employee, even when given as a holiday gift. Likewise, monetary prizes, including achievement awards, as well as non-monetary bonuses like vacation trips awarded for meeting sales goals, are taxable compensation â not just for income taxes, but also for FICA. Withholding applies.