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You are free to put both kinds of pay in your bank account.

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14y ago

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Related Questions

Is vacation pay taxed at a higher rate than regular income?

Vacation pay is typically taxed at the same rate as regular income.


How is vacation pay taxed?

Vacation pay is generally taxed as regular income by the government. When you receive vacation pay, it is added to your total income for the year and taxed accordingly.


What is the tax rate for vacation pay out?

The tax rate for vacation pay out is typically the same as your regular income tax rate.


What is the tax rate for vacation pay?

The tax rate for vacation pay is the same as the tax rate for regular income, which is based on your total income and tax bracket.


Is vacation pay considered a supplemental payment?

Yes, vacation pay is considered a supplemental payment as it is an additional form of compensation provided to employees beyond their regular wages or salary.


How is vacation pay taxed differently compared to regular income?

Vacation pay is taxed the same way as regular income. It is considered taxable income and subject to federal and state income taxes, as well as Social Security and Medicare taxes. The main difference is that vacation pay is typically considered supplemental income and may be subject to different withholding rules.


Does employer have to pay vacation in Texas?

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Can they garnishment your vacation pay for revene Canada?

hi REVENUE CANADA IS GARNISHING MY PAY CAN THEY ALSO GARNISH VACATION PAY


What paid holidays do the employees get at staples?

Staples employees get paid for two holidays each year. They get paid for both Thanksgiving and Christmas. If they work on either of these days, they will get the vacation pay and regular pay.


Does vacation pay be paid on your annual income?

Yes, "vacation" pay is treated the same as any ordinary income.


Does a honeymoon vacation cost more than a regular vacation?

Yes, a honeymoon vacation costs you more than a regular vacation. As this is a special occasion, you have choose best location, book best hotels etc. Its a lot worth you have if you spend more on honeymoon vacation.


Is vacation payout taxed?

Yes, vacation payout is typically taxed as regular income.