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I've been employed at my job for 2 years. We recieve a yearly bonus that is a percentage of income. I am aware of the averaging method that is used. We get the bonus in two payments, august and Febuary. I started in the middle of the year of 2014 , so my proration was substantially decreased. in 2015 I recieved the full amount of both payments. How is my bonus going to be calculated? Are they just going to average what I recieved? If that is the case if I wait until I recieve payment in August, will they count the payment in the calculation and go back two years even though the time period will be in between 2 years and not full years?
Typically will average the prior two years as long as it is not declining. We use the amount that comes back on the verification of employment (VOE).
Do the VOEs include protated amounts? Or do they just say as an example 50k +10% bonus and 100% recieved or something similialr?