Ask Experts Questions for FREE Help !
Ask
    fowlercw1's Avatar
    fowlercw1 Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 31, 2007, 07:37 PM
    Taxes on my commission check
    They are taking about 32.4% out of my commission check, but I only make about $35,000 per year. Am I automatically going to get that back in my tax return, or how do I get all of that back.
    Stringer's Avatar
    Stringer Posts: 3,733, Reputation: 770
    Business Expert
     
    #2

    Oct 31, 2007, 08:01 PM
    If you are strictly on a straight commission basis then I can not understand why they are taking any taxes out of your check. Under these conditions you are self employed. Now the Federal Government may require that you send in quarterly payments to the IRS (if you are an American) based upon your projected annual income.

    Unless you are confusing the deduction with something else that they are deducting (possibly a contractual agreement, i.e. some form of expenses, etc) I can not see how they can do this. I would address this with them now to correct it, mistakes happen, or get a clear explanation of what is being deducted.

    Good luck,
    Stringer

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

TAXES taken out of my take home check [ 2 Answers ]

Hi, I am thinking about taking a job in NYC.. I live in NJ. If my gross pay is 2884.00 per 2 weeks and my gross pay is about 1900.00 dollars.. approxiametly how much more would I need to consider that NY will deduct from my paycheck? Just trying to calculate what my biweekely check will come to......

I did not file my taxes but had taxes taken out of my check [ 14 Answers ]

I'm kind of worried here... I don't know why I didn't, but it is what it is. I just didn't file my taxes for 2005 and 2006. I also worked for a company in 2004 that paid me in personal buisiness checks that I would cash at citibanks, etc. but they never had me fill out any paperwork and never...

Draw Check Taxes? [ 1 Answers ]

I own a small recruiting firm in South Florida and have several Recruiters working on a draw vs. commission basis. Am I required to take taxes out of their draw check. The draw is a non-refundable "loan against comission"?

No taxes taken out of my employee check [ 4 Answers ]

I have started a small painting business, I had several workers, about 4 of them only worked 1 or 2 weeks, making under $600. I wrote out checks to them from my painting account, I have 1 employee that made $3,000. What form do I need to send him so I can claim it as a deduction, no taxes were...

Check stubb and taxes [ 1 Answers ]

How do you use a check stubb to fill out a tax form?


View more questions Search