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Does the 1099-MISC amount equal the total amount paid on a Members commission checks?

April 26, 2017checks Commission paid total

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Does the 1099-MISC amount equal the total amount paid on a Members commission checks?

1 Answer

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A. No, Vemma Member commission checks are based on net earnings. Example: Check amounts total $1,000.00. Maintenance fees total $50.00. Manual check recalculation of $25.00 that is placed as a credit on account. The 1099-MISC amount will be $1,075.00 ($1,000+$50+$25 – applicable gross earnings).