Tax deduction detail if sales $ 6.0 statement shown only $ 1.72 only why


#1

Anyone please describe deduction in sales. If sales made ($ 6.00 - $ 1.00) = $ 5.00, statement shows only $ 1.72 balance.

If 30% withholding tax i must receive payment of ( $5.00 - $1.50) = $ 3.50

Need Help

Note: Graphic Templates sales only on “GraphicsRiver”.


#2

You’re not including the author fee. Unfortunately, you don’t get 100% of the item price if there aren’t any taxes. If you’ve sold less than $3,750 then the author fee is 37.5% of the item price. In your example, the item price is $5. So you need to subtract the $1.50 and the 37.5% which makes another $1.875.

Are you sure it’s not saying $1.62 rather than $1.72?


#3

Yes i am sure, $ 1.88 is deducted as author fee.

Than you very much @SpaceStockFootage


#4

No worries. Yeah, I just asked because $1.50 and $1.88 leave you with $1.62 rather than $1.72.


#5

Total 67.50 (30% tax + 37.5% author fee). Its too much 67.5% they deducted and only 32.50% we get. How can people work here after too much tax.

Is there is any exemption in author fee or tax deduction?


#6

Author fees are reduced the more you sell. Also, if your country has a tax treaty with the US, and you enter your tax ID number on the W8, then you may be able to get a reduction in the amount of tax withheld.