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Sign On Bonus

Discussion in 'Questions From New Drivers' started by Highway Hypnosis, Jul 11, 2014.

Page 2 of 2
  1. Jul 11, 2014 #11
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

    10,742
    12,469
    May 28, 2009
    Rancho Mirage, Ca.
    0
    It's something like DISH tv, they say they'll give you $100 to bring a friend on board, what they don't say is it comes in $10 increments over a 10 month span VIA a statement credit monthly. Sign on bonus is given in increments and is taxed.
     
    Allow Me., Jul 11, 2014
    Allow Me., Jul 11, 2014
    #11
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  3. Jul 11, 2014 #12
    wannabe trckin again

    wannabe trckin again Light Load Member

    56
    68
    Jun 26, 2014
    0
    Wtf no regulations !!!!
    Well IMO they should have a sign on the back doors call 1-888-POO-TANG for improper use of slush funds !
     
    wannabe trckin again, Jul 11, 2014
    wannabe trckin again, Jul 11, 2014
    #12
    Snowshoes, Highway Hypnosis and softail Thank this.
  4. Aug 7, 2014 #13
    1PhxSuperTrucker

    1PhxSuperTrucker Bobtail Member

    32
    7
    Apr 12, 2014
    Phoenix, AZ
    0
    Ask your recruiter how they pay it. One company I worked for offered a $3,000 sign on bonus paid out in increments of $1,000 every 25,000 miles until it was paid. The money is usually added to your check and is taxable. You don't typically have to pay it back if you quit, however you do forfeit collecting the unpaid portion of the bonus if you quit before it's all paid.
     
    1PhxSuperTrucker, Aug 7, 2014
    1PhxSuperTrucker, Aug 7, 2014
    #13
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