Question #47 of 50
Question ID: 542589
The broker for a small office is counseling sales associates as they prepare their personal business plans.
Associate 1: Gross commissions last year—$62,000; increase for next year—12%
Associate 2: Gross commissions last year—$88,000; increase for next year—4%
The office had gross commissions from these associates last year of $150,000. What total commissions income will the broker put into the company's business plan for this year?