I received a joining bonus 50K Jun 2017 when I took up a new job. The contract I signed had a clause which required me to return the joining bonus if I quit within 12 months. When I got my second pay check, I had salary ($3692.31)+ signup bonus ($50,000) and total is $53,692.31. Out of which the company withhold taxes ($29,665.31) and I got $240227.00.
I quit after 5 months and was ready to payback the bonus amount I received from them. However, the company has asked me to pay them the full amount $50,000 (what I received ~ $21,600+ taxes they withheld ~ $28,400) of Signup Bonus.
Is there a way out where I don’t have to pay the taxes on bonus that they withheld (approximately $28,400) and only I can pay the amount that I got from Sign Bonus approximately $21,600.
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Also, what are different options that I have to handle this situation and which one will be best for me?
