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To calculate a bonus based on profit when the bonus is a percentage of that profit, first determine the total profit. Then, apply the agreed-upon percentage to this profit to calculate the bonus amount. For example, if the profit is $100,000 and the bonus percentage is 10%, the bonus would be $10,000. Ensure that the bonus calculation aligns with any relevant agreements or policies in place.
What else can I help you with?
Lori makes 64000 each year as an accountant. At Christmas she was given a 12 bonus. How much was her bonus?
To calculate Lori's Christmas bonus, you multiply her annual salary of $64,000 by the bonus percentage of 12%. This is done by calculating (64,000 \times 0.12), which equals $7,680. Therefore, Lori's bonus was $7,680.
What did the bonus army wants?
The Bonus Army wanted their military bonus early.
What was the Wheel of Fortune bonus puzzle for March 10 2011?
Bonus Round Puzzle: ACOUSTIC GUITARAcoustic Guitar was the Wheel of Fortune Bonus PuzzleAcoustic Guitar
When did Bonus Army happen?
Bonus Army happened on 1932-07-28.
How are decisions made in a Cree reserve?
The Band, mainly the Chief, makes all important decisions based on family, tribal politics, and profit.
Which method of depreciation would you use if you were to receive a bonus which is based on net profit?
which method of depreciation to use when bonus is received that is based on net profit
What is the formula for calculation a bonus based on profit while deduction the bonus your calculating from the profit figure?
hey here comes the answer of calculating bonus=overtime hours multiplied by rate per hour ..........thanks
How does profit sharing work?
formula of profit sharing bonus
What is the difference between bonus and profit sharing?
Bonus means we are getting much money by doing a work. Profit means when we sell with more money it is known as profit.
What is Reversionary Bonus in Life Insurance?
Reversionary Bonus Means, Life insurance company will declare bonus every year fo the Traditional and Endownment policies. It based upon company profit by that particular type of products. And reversionary bonus wil increase gradually for every year.
Should you calculate the profit on cost or Sales?
We should calculate the profit on sales
What is the bonus package for a wal-mart Asset Protection Coordinator?
Walmart*'s bonus package for an APC (Asset protection coordinator) is based on a percentage of salary depending on a sales/profit ratio once a year for your specific store.
What is salary Walmart store manager?
Bonuses for Store Managers are based on 2 things: your salary and your store's performance. Store Manager of a store with sales less than $40 million makes $70,000 per year. If you make your sales and profit plan(100%), then you get a bonus of 65% of your salary ($42000 bonus) Store Manager of a $40-$80 million store makes $95000. Make your sales and profit plan(100%), you get a bonus of 80% of your salary ($76000) Store Manager of a $80 million plus store make $110,000 and makes sales and profit plan get a bonus of 110% of your salary ($121000)
How do you calculate profit margin ratio?
net profit/sales
Formula to calculate gross profit?
HOW DID I GET HERE I WAS SEARCHING FOR THE ANSWERS FOR A GAME WTH
A bicycle bought for 18000 was sold for 24000.calculate the profit he made calculate?
To calculate the profit made from selling the bicycle, subtract the purchase price from the selling price. The profit is ( 24000 - 18000 = 6000 ). Therefore, the profit made on the bicycle is 6000.
What is a good way to structure a bonus program for administrative personnel?
If by "administrative pesonnel" you mean mangers, those who are exempt from the wage-and-hour regulations, then there are two common ways to structrure a bonus (technically, "incentive compensation"): 1. The bonus is based entirely on performance. For example, in retailing, it is common to determine a store manager's compensation entirely on his or her store's profit. [If there is a supplementary bonus program for a store manager, it might be based on such issues as store morale, perceived managerial skills, store-community relationships, or other issues not measurable as "profit."] 2. The bonus is based partly on performance and partly on company profits. For example, managerial support staff such as legal and HR contribute only indirectly to a company's profit. For such personnel, it is common to base part of the bonus on the manager's having met his or her personal goals, and part on the company's profit. If by "administrative personnel" you mean people who were formerly called "secretaries" but are now styled "administative assistants" [AA], there is no agreed on patten for a "bonus" system. When AAs hear of large comp checks that managers receive, they sometimes argue that they, too, should have a bonus. But how would such a bonus be structured? As non-exempts [not exempt from wage-and-hour laws], they are paid for overtime, and their "extra effort" is compensated by extra pay. For superior work, they may receive merit raises.
