25 percent tax on commision?

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Dec 11, 2009 1:20 pm

What da he'll is this sh*t?

Dec 11, 2009 7:40 pm

I'm surprised you couldn't figure that out.

Dec 11, 2009 8:19 pm

I'm surprised that you couldn't figure out that it was a whiny statement

Dec 11, 2009 8:42 pm

I'm surprised you spelled whiny right.

Dec 11, 2009 8:58 pm

Great response. Thanks

Dec 11, 2009 10:43 pm

WFA wants the low producers to leave ASAP without having to terminate them.  The writing has all but been posted in the branch brief. 

Aug 11, 2010 10:32 pm

Anyone figured out exactly how this new alternative pay/tax plan works for WF advisors if you opt in?  No one seems to have a friggin clue due to the complexities of its language...

Aug 12, 2010 11:19 am

I believe it only effects how the retention and 4Front is taxed.  I think (May be off here) that it has nothing to do with the flat 25% withholding.   Please be sure to consult your tax advisor!

Aug 13, 2010 3:05 pm

That's not true - It's a band-aid fix to avoid the flat 25% Fed Witholding, and have the commission part of your earnings taxed at an annualized tax rate.  I still don't understand how this is so hard to accomplish on their payroll system. 

The Piece on the system explains it rather simply, and better than I can here, but your pay is spread over two monthly payments the month earned, rather than one large and one pittance, with the first payment each month equalling a percentage of your previous several months average, and the second equalling the ramaineder. 

Aug 13, 2010 9:12 pm

Yes to that....

Aug 18, 2010 6:07 pm

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