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A commission rate is a wage where you are paid a percentage of every sale that you make, not by the hour. It has advantages and disadvantages. During sales and holidays you may make more money but on slow days you may not make any money.
Wiki User
∙ 9y ago
Wiki User
∙ 14y agoIt is monetary remuneration based on goals achieved. Sales people often receive commission rather than hourly pay and it is usually based on a percentage of the sales they achieve.
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Is the percent of total sales paid as commission to a salesperson?
Commission rate
What is the rate of commission if total sales are 7785.00 and you receive 295.83?
The rate of commission is 38.00%. you can calculate it by following formulae: (amount of commission * 100)/ Total sales. Njoy, regards, nilesh e-mail: nilesh_nilesh40@yahoo.com
Phil Smith is a car salesman last week his total sales amounted to 276500.00 and he received 1382.50 in commission what is his rate of commission?
The answer is .5% or .005. I got the answer by dividing 1382.50/276500.00.
What does commission payment only mean?
This means you only get paid off the sales you brought in say if you had customers but they don't buy anything you gets nothing but if they do buy you get paid whatever the commission rate is per person .
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 is commission rate for home-owner's insurance?
The commission rate is the commission earned by the agent or broker who places the policy wit the company.
Formula of rate of commission?
Commission divided by sale = rate of commission.For example:Last week Don Felt made a commission of $325.80 on $2715 sales. Find his rate of commission.S325.80/2715=12%
Is the percent of total sales paid as commission to a salesperson?
Commission rate
Total sales 13600 commission rate 2.75?
Commission: $374.00
How do you find the commission rate?
How you find the commission rate varies depending on the job. Some jobs pay a commission of 10% of total sales while some have commission that is on a sliding scale. In real estate, the realtor makes a commission from each sale. You can ask what the rate is prior to hiring the real estate agent.
What is the formula for getting the commission?
You multiply the commission rate (the percentage, divided by 100), by the amount for which you are supposed to get commission.
What is the rate of commission on a 15000 sale if the commission is 45?
15000 x 45 % = 6,750
What is commission rate?
percentage of money you get from a sale.
What is the commission rate of 132 and 2200?
66
What is the typical commission rate?
No-one cares
What is the realtor's commission rate for pa?
A realtor's commission rate is always negotiable. The standard/usual rate is 3% for the buyer's agent and 3% for the seller's agent. The seller always pays the realtor's commission, unless otherwise negotiated in the sales contract of the home.
What is the average hourly rate for an animator?
5.50 an hour with a 1% commission rate
