Mary is a sales person for Four Paws Pet Supply. She receives an incremental commission based on the table below. If she sells $9,800 and has already received a draw of $559.26, how much commission is still owed to Mary?
Sales commission between the seller and its agent. Sales commission serves as the payment for the agent while it is an expense on the part of the original seller. Commission expense is deducted in the income statement.
Answer and Explanation:
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fromChapter 52 / Lesson 2
Discover how to calculate sales commission based on the three types of commission structures. Review what sales commission is and understand the percentage of sales method, the stair step structure, and the fixed commission structure.