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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

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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 Forst Dollar of Profits. The company agrees to share 20 percent of all profits up to 512 million Gradunted ForstDollar or Profits. The company agrees to share 10 percent of all profits up to 15 milion, and 30 percent of ill profits up to $40 million Profitability Threshold Formula The company will share 10 percent of the profits above $10 milion up to 517 million There are 230 employees whose total annual base pay equals $2,100,000 The total profit-sharing pool for (Round your answers to the nearest hundredths place) (0) First dollar of profits is $ 240,000) (b) Graduated first dollar of protits is $ 1,050,000 (c) Profitability threshold formula is $ 170,000 Based on the equal payments formula, the average profit sharing award per employee (based on the total proht shining pools) for (Round your answers to the nearest hundredths place) (1) First dollar of prolts is super employee (b) Graduated first dollar of profits is! per employee (c) Profitability threshold formulas per employee

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