I'm looking at a job post and it states that the salary is from Â£20,000 - Â£50,000 per annum and the positions available are for sales, assistant managers, and managers. At the end of the post it says Â£20K - Â£50K plus OTE. Does this mean that the basic salaries range from Â£20K - Â£50K and then commission? Or does the Â£20K - Â£50K already include commission?
According to Jeff Schnepper at moneycentral.msn.com (12/04/09), there must be a physical injury for the settlement to be free from tax. So, an award for wrongful termination would be taxable because there is no physical injury. In fact, there are two requirements to ensure a settlement (or a verdict) is tax-free. The first, as mentioned before, is that there must be a physical injury (which includes illness). Without physical injury, youâre paying taxes. The second is that the injury must have been caused by a wrongful act.
* Where the debt forgiven constitutes a quid pro quo or incentive that would be taxable under Pennsylvania personal income tax law if it had been paid to the debtor in cash or in property. Report taxable debt forgiveness in the class of income for which the debt was canceled. For example: * If the debt forgiveness relates to rent, royalty, patent, or copyright income, it is reported in that class. * If the debt forgiveness relates to an employee/employer relationship, it is reported as compensation. * If the debt forgiveness relates to the sale, discontinuation, or abandonment of a business or segment thereof, it is reported as gain on the sale of property.