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Can auto finance manager take commission on sales man frontend gross?
Wiki User
∙ 13y ago
This question cannot be answered here. It is all dependent on what kind of employment agreement you have with yoru employer.
Wiki User
∙ 13y ago
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Are sales commission checks taxed?
All gross worldwide income is reported on your 1040 income tax return and subject to income tax at your marginal tax rate. Does the issuer of the commission checks withhold any amount from the gross commission before the NET commission take home paycheck is issued to you. Are is the commission check made out for the gross amount of the commission and how will this commission amount be reported to you and the IRS at the end of the year. Will the amount be included on your W-2 form in the box 1 Gross wages, salaries, tips, etc. Or will you and the IRS be receiving a 1099-MISC for the gross commission amount.
What would your gross pay be if you earn a monthly salary of 2200 plus 3.5 percent commission on your sales of 5500?
2392.50 commission: 3.5% of 5500 = 3.5/100 × 5500 = 192.50 → gross pay = monthly_salary + commission = 2200.00 + 192.50 = 2392.50
What is the salary of a Used Car Manager at a car dealership?
most used car managers are commission from either gross generated after all transactions are complete at the end of the month or a percentage of NET profit after the month is closed.
What will be the journal entry if you received net commission after deducting prev month gross commission?
The journal entry for receiving commission is as follows: Cash/Bank [Debit] XXXX Commission[Credit] XXXX
If you earn a straight commission of 20 percent and you have sales of 2700 one day what is your gross pay?
2700 X .20 = 540 gross
What is a Used car salesman commission standard?
20-25% of payable gross profit
What does Net of Commission mean. can anyone help to define please?
In insurance, it is the policy premium without the producer or broker's commission. So, if your premium is $100,000 and commission is 7%, Gross Written Premium is $107,000. Your premium net of commission is $100,000.
A sales manager buys antacid in bottles by the gross If he goes through 3 bottles of antacid everyday how long will the gross last?
The gross would last 48 days.
What is gross development cost?
total cost of a project. It is the sum of all finance being used
What commission does a floor covering salesman?
The two most common commission schemes for flooring sales these days is, 5-7% of the gross sale or 20-30% of the Gross margin. The higher % of the gross margin, usually makes the salesperson pay more attention to selling highly profitable items and away from commodity loss leaders.
300 dollars a month plus 2.5 percent commission What is her gross pay if she selss 4290.00 dollars?
On sales of $4290 the person earns commission of 2.5% = 4290 x 2.5/100 = $107.25 Total gross pay for the month = 300 + 107.25 = $407.25
In dollar amount what is the average commission for sales representative?
This question is unanswerable. The term commission indicates that the person is paid a percentage of the sales price. The commission they earn each week/month/year, in dollars, will depend on two things - (i) the level at which commission is calculated and (ii) the total sales they have made.
