Vermont Weather (2851 replies) Latest news from Albany, VT collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: English (35.7%), French (19.0%), German (11.0%), French Canadian (7.1%), Italian (7.1%), Scottish (7.1%). Current Local Time: EST time zone. Incorporated in 1915.
Related QuestionsMore Answers Below. 1  Why do people complain about the cost of living in the Bay Area so much when it seems like two successful software engineers (with a realistic... 2  How realistic is asking for a 175k base salary, 20% bonus, and 100K in stock per year at a very successful software corporation in the Bay Are...
The amount of tax already withheld from the regular income payment is subtracted, and the difference is withheld from the bonus. 2) The employer can elect to withhold 25% federal income taxes from the bonus, and 35% for any bonuses over $1 million. 3) The bonus can be included in the employeeâs paycheck with no difference between the two types of income, and taxes are calculated based on the total amount of the pay and bonus combined.