Question

Your new job entitles you to an hourly wage of $ 5.25 and a commission
13% on the goods you sell. The first day, you work 7 and a quarter and you
sell for $ 95.20 of merchandise. How much money do you earn that day?

Answer 1

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Compensation describes the cash rewards paid to employees in exchange for the services they provide. It may include base salary, wages, incentives and/or commission. Total compensation includes cash rewards as well as any other company benefits.

Compensation strategy

Defining a compensation strategy is an important activity for all companies, including startups. The compensation strategy must be affordable, structured and reasonably competitive.

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