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Started By
Message
re: Withholding question
Posted on 2/28/24 at 7:40 am to slackster
Posted on 2/28/24 at 7:40 am to slackster
quote:
It depends on how the commission is paid within your monthly checks
I've been paid both ways and it gets withheld the same either way.
I recognize that it is 1 company and 1 paycheck (very anecdotal). But it is a fortune 100, and I presume that they are following standard IRS procedures.
1
Posted on 2/28/24 at 7:56 am to meansonny
If it’s included in regular checks it can be treated as regular income. If it’s paid separately it’s considered supplemental salary and has either a flat rate or an aggregate method applied.
My commission/revenue based checks in the finance field have been treated as regular income across two firms. OP is in insurance so I’m assuming it’s the same.
It could very well be the supplemental rate in his case, but I’d be a little surprised.
My commission/revenue based checks in the finance field have been treated as regular income across two firms. OP is in insurance so I’m assuming it’s the same.
It could very well be the supplemental rate in his case, but I’d be a little surprised.
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