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What is Ritchie Bros Auctioneers commission fee under gross 2500.00 items?
Wiki User
∙ 15y ago
25%
15% over $2,500
PB
Wiki User
∙ 15y ago
Anonymous
$500, 000k to a million commission fee ?
Heather
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How do you calculate commission?
That is a very open ended and very deep question. The reason I say that is because most people take a percentage of the sale and call that commission. Sales of $10,000 commission times 10% = $1000.00 commission. Nothing could be further from the truth. That is commission of gross sales..How about commission from net sales...How about a performance based commission. There are so many ways to devise a comp plan. Just make sure you know what you are actually paying in commission.
How do you calculate gross pay?
Calculate Gross Pay for hourly employees by multiplying the pay rate times the number of hours worked in the pay period, and including payment of overtime at 1.5 times the pay rate.
If you earn 200 dollars a week plus 15 percent commission on all sales over 1000 dollars and if the sells for one week are 2500 dollars what is the gross pay for that week?
575 dollars
What is the difference between gross margin and gross profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
What is half a gross?
If a gross is 12 dozen....half a gross is 6 dozen
How do you work out a gross profit percentage?
gross profit divided by sales Sales = 250000 Cost = 100000 gross profit = 150000 150000 / 250000 = 60%
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 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.
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.
What is the monthly gross pay if the basic is 2250 a month with 4.9 percent commission on 4828 in sales?
2486.57
What are the pay scale of 6th pay commission for library assistant?
basic pay and gross pay submit
