Maybe, Maybe not...
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
Commission would be apply to the sales price, which does not include tax.
Normally they are taxable
Maybe, Maybe not...
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
What is average sales commission percentage rate for training sales?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
The above, while perhaps a possible definition of EBT, is inaccurate. The financial accounting (GAAP) which EBT is one heading for, has NOTHING to do with determing taxable income under Tax Accounting. The person is also confusing taxable sales with the term income. Net Taxable Sales is generally used in the context of Sales Tax. Gross sales = all possible receipts. Exempt sales = receipts that weren't sales taxed (because the item isn't taxable (say food), or the buyer was able to exempt it (as in purchases for resale). This is subtracted from Gross. Returns & Adjustments = adjustments, normally subrtractions, for return sales where tax was refunded. Brings you to net taxable sales = the amount of sales a tax was collected or is due on.
Sales commission is earned for selling a product of the company. If you have done all the hard work by yourself, you should not share the sales commission. However; if someone has helped you to achieve those sales, split the commission according to their input.
The typical commission rate for sales starts at about 5%, which usually applies to sales teams that have a generous base pay. The average in sales, though, is usually between 20-30%. What is a good commission rate for sales?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
Commission would be apply to the sales price, which does not include tax.
There is no such thing as a typical sales commission on anything. This is something that has to be determined between sales person and company hiring the sales person to make sales.