Get your taxes done using TurboTax

No, the bonus is added to your other income and is taxed just as your other income is taxed....on a graduated scale.

But employers are allowed several method in determining the appropriate withholding from a bonus.  See this article for details:

http://blog.turbotax.intuit.com/income-and-investments/bonus-time-how-bonuses-are-taxed-and-treated-...