How should an employee tax being computed?
Is it overall tax computation like for example:
"Over all Pay + Commission + Bonus - Tax "
or
Over all Pay - Tax = A
Commission - Tax = B
Bonus - Tax = C
then
Remaining Over all Pay + Remaining Commission + Remaining Bonus = Take Home
Pay
?? I am just a bit curious ..
Thanks,
Mark T
I think a better source for tax related questions is a CPA or EA (enrolled
agent). Often attorneys don't have that much tax law expertise. (The one
exception to this statement: tax attorneys... they are highest on the food
chain of tax practitioners.)
BTW, I'll also mention here that I'm CPA (tax guy) for a number of attorneys
and law firms.
Stephen L. Nelson, CPA, Author QuickBooks for Dummies, Redmond, Washington
kmurray | Community Moderator |
8/17/2012 - 12:11 pm
Hi Mark,
It's best to get in touch with an attorney for tax-related questions. You could also reach out to one of SBA's resource partners for their insight. Visit SBA Direct to find your local resource partners by entering your zip code.
SeattleCPA | Window Shopper | 8/17/2012 - 3:33 pm
agent). Often attorneys don't have that much tax law expertise. (The one
exception to this statement: tax attorneys... they are highest on the food
chain of tax practitioners.)
BTW, I'll also mention here that I'm CPA (tax guy) for a number of attorneys
and law firms.
kmurray | Community Moderator | 8/17/2012 - 12:11 pm
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