If a Firm Manager Has a Base Salary of $100,000

question 109

Multiple Choice

If a firm manager has a base salary of $100,000 and also receive 5% of all profits, what percentage of his/her final income will be from the profit sharing plan given profit equals $1,500,000?

• A)51%.
• B)27%.
• C)43%.
• D)48%.

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Definitions:

Dominant Culture

The culture of the majority or the most powerful group in society, which often sets norms and standards that others are expected to follow.

Elementary School

The initial stage of formal education, typically for children aged 5 to 11 years, focusing on foundational skills in various subjects.

Problem-solving Skills

The ability to find solutions to difficult or complex issues.

Early Adulthood

A stage of human development following adolescence, typically characterized by ages 20-40, where individuals establish personal and professional paths.