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Whether a company must pay you your commissions after termination depends on the terms of your employment contract and the company's commission policy. In many cases, if the commissions are earned prior to your termination, you may be entitled to receive them, even if you are no longer employed. It's important to review your contract and consult relevant labor laws or an attorney for specific guidance related to your situation.
What else can I help you with?
WHY life insurance company paid high commission in first year?
First year commissions on life insurance policies can go as high as 140 percent. Commissions are high in the first year because that's the year in which the agent has all of the marketing and servicing expenses. Life insurance policies generally pay 5% or less or even no renewal commissions because there isn't anything for the selling agent to do once the policy is in force.
Who invented fire insurance?
Benajmin Franklin was resposible for the first fire company and fire insurance company.
Does insurance company have to pay mortgage if house fire?
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
What are costs that a company has to pay whether or not its operating?
The Company has to pay its Fixed Costs, Such as Rent and utility. These cost have to be paid regardless of whether the company is operating or not
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
Are you entitled to sales commissions once terminated?
It will depend upon your specific contract. In most situations, you are entitled to commissions only through the end of your employment. After that, the company benefits from your work and doesn't have to pay anyone for it.
How are commissions figured in MLM?
This varies greatly from company to company.
What type of an account is deferred commissions?
Deferred commissions are considered a liability account on a company's balance sheet. They represent costs incurred for sales commissions that have not yet been recognized as expenses because the related revenue has not been earned. This account reflects the obligation to pay these commissions in the future once the revenue is realized, aligning with the matching principle in accounting.
I'm leaving at the end of the month and XINC say they will not pay me commission only hourly wage Can a company refuse to pay you commissions for jobs that you sold and worked through to completion?
no its not allowed you must pay for services renderd
What types of commissions do corporate sales jobs pay?
Corporate sales jobs pay 2 types of commission. These are straight which is based off of the percentage of sales and variable commissions pay differently upon reaching targets.
Sixth pay commissions pay scales of railway loco pilot?
pay scales of loco pilot in railway
Does the cab company pay unemployment insurance?
If you are an employee of the cab company because you earn wages, then the company pays unemployment insurance to the state. If you were on straight commission, then they probably do not because commissions do not qualify you for benefits. Each state has it's own requirements as to who pays unemployment insurance.
How does a salesman make commissions?
The specifics for a salespersons pay will vary depending on what country or company one works for. For every sale that person makes they get a percentage (depending on one's agreement) of the sales price.
WHY life insurance company paid high commission in first year?
First year commissions on life insurance policies can go as high as 140 percent. Commissions are high in the first year because that's the year in which the agent has all of the marketing and servicing expenses. Life insurance policies generally pay 5% or less or even no renewal commissions because there isn't anything for the selling agent to do once the policy is in force.
What is the time limit a insurance company to pay out a auto fire claim?
I think you have two years to collect if you were cheated, but they have to pay immediately if you file the claim, and your policy covers it.
What percentage of tax do you have to pay on commissions from commodities sale?
When claiming commissions on commodities or stocks they are simply added into your total earnings for the year. You get taxed at a rate dependent upon your total earnings ( your tax bracket ).
What is the largest cutlery brand?
Cutco is the largest cutlery brand. The way they market their products allows employees to sell to their family and friends, with little cost to the company. They do not need to pay their employees salaries because they work off of commissions. Also, the company has a lifetime warranty so once knives become dull they can be sharpened by the company with no charge.
