Commissions and Draws

What is a commission

• A type of job that pays hourly.

• A form of compensation based on sales.

• A bonus given at the end of the year.

• A fixed salary with no sales involved.

Tags

CCSS.7.RP.A.3

 How do companies typically pay employees in commission-based jobs?

• Only through hourly wages.

• A flat amount regardless of sales.

• A percentage of the total sales they make.

• Only bonuses.

What happens if an employee has no sales in a job that pays entirely on commission?

• They still receive a salary.

• They get paid a small bonus.

• They have no pay.

• They receive a commission for previous sales.

Why might a draw be considered both good and bad for employees?

• It provides money upfront but adds pressure to make sales.

• It guarantees a high salary.

• It allows employees to take more vacation time.

• It is always a fixed amount.

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RL.9-10.2

What is a 'draw' in a commission-based job?

• A type of vacation time.

• A penalty for not making sales.

• A fixed salary.

  
  

• Money received for future sales.

What is a recoverable draw?

• Money that the employee keeps no matter what.

• Money that must be paid back if sales are not made.

• A bonus that employees receive for good performance.

• Money given to employees for training.

What should a person do before deciding to take a commission-based job?

• Research the job and consider their own personality.

• Ask friends for their opinions only.

• Accept the job without thinking.

• Compare it to regular jobs only.

Tags

CCSS.RI.7.5

CCSS.RI.7.8

CCSS.RI.8.5

CCSS.RI.8.8

CCSS.RI.9-10.5

What can be a reason why commission-based jobs are less desirable for some people?

• They are always fun and exciting.

• They involve a lot of teamwork.

• They offer too many benefits.

• There is a risk of not earning any pay without sales.

Tags

CCSS.RI.7.2

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2