can anyone explain to me how your employer calculates what youve earned if your woking on comissions?? i have no idea
2007-02-26 15:42:06 · 5 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
You need to ask your employer. If you received an Employee Handbook it should tell you. If the Company is Big speak with Human Resourse
I know when I worked for commision is was 15% of the sale, but the company had a 3 month waiting period. Like quarterly. You want to also want to know that and if they are taking taxes out.
Since I was in sales and used my vehicle you also get mileage, keep acurate records I think mileage is 44.5 cents a mile. You will have to have this for next years taxes. Keep all vehicle maintence, oil changes, tires, all repairs ext.
2007-02-26 16:04:15 · answer #1 · answered by SIDECAR 3 · 0⤊ 0⤋
No one on here can answer this for you.
Commission structures vary by industry, company, product, etc...
Typically, you'll receive some cut of the profits for the items you are selling. How big that cut is, is up to your employer and you. You might sell an item for $10 that your company bought for $3. There's $7 profit to share. You might get $3. You might get 30 cents.
It's not unreasonable to ask for a clear picture of how you will make your money before accepting any job. So ask and keep asking until you are satisfied.
2007-02-26 15:48:40 · answer #2 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
It's based on a percentage of your sales which should have been explained and possibly even put in document form for you to review and approve.
Don't rely on hunches or guesses, because if a product or service is returned or denied, you could lose your commission.
It's also very hard to budjet your finances each month on "maybe" paychecks. I would be certain I understand the rules before I play the game.
Good luck to you.
2007-02-26 15:50:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They take your total sales and multiply that by the rate of your commission. They subtract out any previously earned commissions where merchandise was returned. They they tax that amount per the IRS and you get the rest.
2007-02-26 15:48:27 · answer #4 · answered by limgrn_maria 4 · 0⤊ 0⤋
Just ask them what the goal is (dollar wise), and also ask for the percentage.
2007-02-26 15:47:17 · answer #5 · answered by drysac 4 · 0⤊ 0⤋