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Monica is an agent focused on serving seniors eligible for Medicare. As she reviews her records, she is trying to determine which of the following items are considered compensation. What do you tell her?

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Monica is an agent focused on serving seniors eligible for Medicare. As she reviews her records, she is trying to determine whether the following items are considered compensation Commissions, Bonuses, and Mileage reimbursement. Thus, options I, II, and IV are correct.

What is Commission?

Commission refers back to the reimbursement paid to a worker after finishing a task, which is, often, promoting a sure range of services or products. Selling services or products is challenging. Professionals who're into income and advertising address hard competition.

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There are 3 methods companies can take care of worker mileage reimbursement.

  • Actual expenses,
  • Fixed allowance,
  • Mileage allowance

Bonus is an economic reimbursement this is above and past the ordinary charge expectancies of its recipient. Bonuses can be offered via way of means of an organization as an incentive or to praise precise performance. Typical incentive bonuses an organization can deliver personnel encompass signing, referral, and retention bonuses.

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