Discuss Subrogation

question 48

Essay

Discuss subrogation.

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Definitions:

Commission Rate

The percentage or fixed payment associated with a transaction, often used in sales to determine the amount paid to the salesperson or agent.

Gross Earnings

The total amount of money an individual or company makes before any deductions are made.

Weekly Base Salary

The amount of money an employee is paid each week before any deductions or taxes.

Commission

A fee paid for services, usually a percentage of the total cost, to a salesperson or agent for facilitating a sale or transaction.