Hi everyone, I would like to know what the difference between the US Backup Withholding Tax and the US Royalty Withholding Tax.
I recently sold 2 tracks both worth $15. After the buyer fee, its $12. However the backup withholding tax is -$3.36 for one track, and the US royalty withholding tax is -$3.60 on the other track.
Then, the author fee is $6,60 on both tracks meaning after I’ve sold two tracks, I’ve gained $3.84.
I’m a non-exclusive author so I know that I get a smaller slice but surely that doesn’t sound right. Can anyone give me any advice on this?