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COMMISSION EARNINGS Penny works for TSX in Ontario where she is a commissioned salesperson. TSX pays their commissioned salespeople on a straight commission of sales
COMMISSION EARNINGS
Penny works for TSX in Ontario where she is a commissioned salesperson. TSX pays their commissioned salespeople on a straight commission of sales method at 0.7%. Penny is owed her monthly commission payment based on $600,000.00 of products sold. She did not receive an advance. Penny's TD1 federal and provincial are claim code 3. She will not reach the CPP, and Employment Insurance annual maximums this pay period. Calculate the Federal income tax using the CRA payroll deduction tables.
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