2006-08-29 15:28:17 · 5 answers · asked by Ben 1 in Business & Finance ➔ Taxes ➔ United States
All employment income is taxed the same way. There is no distinction between wages, commissions, and bonuses.
2006-08-29 16:54:21 · answer #1 · answered by misslabeled 7 · 0⤊ 0⤋
Regular compensation and bonuses are taxed the same, as ordinary income. Same for commissions. Rate depends on your total taxable income.
2006-08-30 21:53:30 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
The only exception would be if the person gets the commission as 1099 income which normally is really a pass along from the manufacture not direct commission from your employer.
2006-08-29 23:25:19 · answer #3 · answered by ? 6 · 0⤊ 0⤋
Bonuses and salaries are taxed the same, although the amount withheld can be different. Commissions, salaries, and bonuses are all ordinary income taxed at regular rates.
2006-08-29 22:39:59 · answer #4 · answered by TaxGuru 4 · 0⤊ 0⤋
All as regular wages.
2006-08-29 22:30:55 · answer #5 · answered by ed 7 · 0⤊ 0⤋