The formula to calculate the Bonus Tax Rate (BTR) is:
\[ \text{BTR} = \text{B} \times 0.22 \]
Where:
The Bonus Tax Rate is the amount of tax owed on a bonus, calculated by multiplying the total amount of bonus earned by 0.22 (or 22%).
Let's assume the following value:
Using the formula to calculate the Bonus Tax Rate:
\[ \text{BTR} = 5000 \times 0.22 = 1100 \text{ dollars} \]
The Bonus Tax Rate is $1,100.