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Insurance Salesman generally work on a commission basis, but their commission may include a base salary. Considering that the percentage of commission is constant regardless of premium size, an insurance salesman's income can be unlimited.
Suppose the insurance premium for an apartment building is $40,000 per year, and the commission percentage is 15%. The agent would earn a yearly income of $6,000 for that single policy.
What else can I help you with?
Is base salary the same as hourly rate?
No, Base Salary is your yearly income before commissions or bonuses. This Figure is before taxes are deducted Hourly rate is a set wage that you charge or earn for work performed. Hourly rate Formula: Divide annual rate of basic pay by 2,087 hours. $55000 Base salary = $26.36 Hourly rate
RCMP Staff Sgt salary hourly rate?
what is the salary of an rcmp staff sargeant
What is the gross annual salary for 7.50?
what is the gross annual salary of £7.50 hourly rate
What kind of jobs charge a person on an hourly rate?
Most jobs charge people on an hourly rate. The few jobs that do not offer hourly rates are based on commissions, but even these offer a base hourly salary rate.
What is a starting salary?
That is the initial pay rate for a person who is not an hourly employee.
Where can you find the hourly rate per profession in new jersey?
You can find the salary rates at a number of websites. You can then divide that by 52, then by 40 and you will have the hourly rate.
Carmax salesman make per hour?
The exact pay rate for a CarMax salesman is unknown but former workers have stated that the rate is below the industry average. CarMax salesmen can expect an hourly rate plus commission.
How much is the salary of caregiver in Australia in hourly rate?
Hi can you tell me what the average hrly rate is for care giver
How do you calculate basic wage?
To calculate basic wage, first determine the employee's hourly rate or salary. For hourly workers, multiply the hourly rate by the number of hours worked in a pay period. For salaried employees, divide the annual salary by the number of pay periods in a year. This gives you the basic wage for that specific pay period.
How do you calculate the hourly rate for a salaried employee based on a 40 hr work week?
To calculate the hourly rate for a salaried employee based on a 40-hour work week, first determine the annual salary. Then, divide the annual salary by the total number of work hours in a year, which is typically 2,080 hours (40 hours/week x 52 weeks/year). The formula is: Hourly Rate = Annual Salary / 2,080. This gives you the hourly wage based on a standard full-time schedule.
What is the salary of a none union supervisor maintenance mechanic?
hourly rate for none union maintence mechanic
How is salary break up in hr done?
You divide the salary by 2080 (yearly total of hours of a 40 hour week). That will give you the hourly rate.
