Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-21-2018, 12:41 PM
Junior Member
 
Join Date: Dec 2018
Posts: 1
Quarterly versus Monthly Commission Check

my company wants to pay us quarterly versus monthly for commission. Will I pay more taxes this way? say $3300 per month versus $10,000 per quarter. Base pay $95,000



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 12-22-2018, 02:32 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,202
not really; say, your commission is paid monthly/quarterly/annually then you will pay taxes at a supplement rate. IRS guidelines require employers to withhold tax at a 25% rate on top of withholdings for social security and medicare taxe in general, If your income is generated from commission and base pay then it might be a good idea to adjust your tax withholding on your W4. If you find you?re receiving big tax refunds on your return, then you can have less tax withheld from your W4. Before changing your withholdings you might want to discuss with a tax pro,i..e., IRS Enrolled Agent or CPA in your local area for accurate help



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Discounts/Commission ks4zeus Estimated Taxes 1 07-12-2016 07:20 AM
I get monthly income from my business in a foreign country syoon1122 Income 2 11-18-2015 10:51 PM
Large Commission to be rec'd.--what to do? 1Paul Income 1 10-12-2015 03:52 AM
Internship monthly fee a write off? hudychrsta Itemized Deductions 0 02-04-2013 03:34 PM
Tax on payment collection or only on commission HASSAN Sole-Proprietorship 1 03-05-2009 02:19 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning