Peterborough Medical Devices makes devices and equipment that it sells to hospitals. The organization

has a profit$-$sharing plan that is worded as follows:

The company will make available a profit$-$sharing pool that will be the lower of the following two items:

$1.40\%$ of income before taxes in excess of the target profit level, which is $18\%$ of net assets

OR

$2.$ $$11$ million.

The individual employee is paid a share of the profit$-$sharing pool equal to the ratio of that employee's

salary to the total salary paid to all employees.

a$)$ If the company earned $$68$ million of earnings before taxes and had net assets of

$$150$ million, what would be the amount available for distribution from the profit$-$sharing pool?

Enter answer as a whole dollar amount.

$Answer $1$

$11,000,000$

b$)$ Suppose that Marg Watson's salary was $$102,000$ and that total salaries paid in the company

were $$38$ million. What would Marg's profit share be$?$

Round ratio of Marg's salary to all salaries to $5$ decimal places. Round answer to whole dollar

amount.