Calculating Profit Sharing Pay Awards In your new role as compensation analyst, you have been asked to estimate the dollar amount of the profit-sharing pool based on three approaches as well as the allocation of profit-sharing awards to eligible employees. The company's profits equal $35 million. You are considering the following three formulas for determining the total profit-sharing pool First-Dollar of Profits. The company agrees to share 3.0 percent of all profits up to $12 million Graduated First-Dollar-of-Profits: The company agrees to share 2.5 percent of all profits up to $15 million, and 4.5 percent of all profits up to $40 million. Profitability Threshold Formula. The company will share 1.0 percent of the profits above $10 million up to $17 million. There are 220 employees whose total annual base pay equals $2.100,000. (a) For First-Dollar of Profits Profit Sharing Pool, the annual profit-sharing awards based on proportional payments for: (Round intermediate calculations to 5 decimal places. Round your final answers to the nearest hundredths place.) Jim, whose annual base pay equals $55,000 $ Margaret, whose annual base pay is $125,000 $ Ella, whose annual base pay is $210,000 = $ (b) For Graduated First Dollar of Profits Profit Sharing Pool, the annual profit-sharing awards based on proportional payments for (Round intermediate calculations to 5 decimal places. Round your final answers to the nearest hundredths place.) Jim, whose annual base pay equals $55,000 = $ Margaret, whose annual base pay is $125,000 = Ella, whose annual base pay is $210,000 = $ (c) For Profitability Threshold Formula Pool, the annual profit-sharing awards based on proportional payments for: (Round intermediate calculations to 5 decimal places. Round your final answers to the nearest hundredths place.) Jim, whose annual base pay equals $55,000 $ Margaret, whose annual base pay is $125,000 = Ella, whose annual base pay is $210,000 = $