Question

DISCUSSION ACTIVITY Provide two examples of regular payments and two examples of non-regular payments. In your own words, explain the differences in the statutory withholding requirements between regular and non-regular payments.1

Answer 1

tregul eyment that doesn't happen on a Degulee payment .- a payment made at regular times they have a schedules pecedency such as monthly , weekly. examples Salecy - a fixed amount fixed amount of menty paid to an employer for coook performed Wages = colich is made by the employese to the labourer fo his service on the Condition of payment per here, week , Time wage, daily wage ( receive a cate for each unit of production - hot depending on how long it took, Non regular fayment abn regulace payments are not stactured. , o incentive payment o– Cash Berens, Commission propel Shoesce etc. incentive pay is financial edward for performance other than pay for no. of heroes wooked. © Special va Cation pays holiday pay e vacation pay may be as a berins, gratuity). o

statutory coith holding depends on if regulace with oegulasy payment a Quebea paciental peeled exemption must be applied before the Centribution calculated when hen Liegulas payment ther method used to calculate clapp depends on wheather the Combined with regular Cages ar salarey. if combined with regular wages de salary, it mest include the pay perod exemption. for hen eregulace payment, the method to calculate income tax is through the unboactive tex method. used to