Please answer the part lll A, B, C.
Homework: Assignment 3_Ch 4 Crunch the Numbers 1 Question 1, CTN 4.1 Part 3 of 3 HW Score: 0%, 0 of 15 points O Points: 0 of 15 Save 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 4.0 percent of all profits up to $12 million. Graduated First-Dollar-of-Profits. The company agrees to share 4.5 percent of all profits up to $15 million, and 6.5 percent of all profits up to $40 million. Profitability Threshold Formula: The company will share 4.0 percent of the profits above $10 million up to $17 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.) al Calculator Clear all Final check III Homework: Assignment 3_Ch 4 Crunch the Numbers 1 Question 1, CTN 4.1 Part 3 of 3 HW Score: 0%, 0 of 15 points O Points: 0 of 15 Save The total profit-sharing pool for: (Round your answers to the nearest hundredths place.) (a) First-dollar of profits is $ 480000 (b) Graduated first-dollar of profits is $ 2,275,000 (C) Profitability threshold formula is $ 680,000 Based on the equal payments formula, the average profit-sharing award per employee (based on the total profit-sharing pools) for: (Round your answers to the nearest hundredths place.) (a) First-dollar of profits is $ 2086.96 per employee 1h1 Graduated first dollar of nrofits is cagan 20 nor omnlovce Calculator Clear all Final check Homework: Assignment 3_Ch 4 Crunch the Numbers 1 Question 1, CTN 4.1 Part 3 of 3 HW Score: 0%, 0 of 15 points O Points: 0 of 15 Save Based on the equal payments formula, the average profit-sharing award per employee (based on the total profit-sharing pools) for: (Round your answers to the nearest hundredths place.) (a) First-dollar of profits is $ 2086.96 per employee (b) Graduated first-dollar-of-profits is $ 9891.30 per employee (C) Profitability threshold formula is $ 2956.52 per employee (a) For First-Dollar of Profits Profit Sharing Pool, the annual profit-sharing awards based on proportional payments for: (Round your answers to the nearest hundredths place.) Jim, whose annual base pay equals $55,000 = $ Margaret, whose annual base pay is $125,000 = $ Calculator Clear all Final check Homework: Assignment 3_Ch 4 Crunch the Numbers 1 Question 1, CTN 4.1 Part 3 of 3 HW Score: 0%, 0 of 15 points O Points: 0 of 15 Save (a) For First-Dollar of Profits Profit Sharing Pool, the annual profit-sharing awards based on proportional payments for: (Round your 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 your 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 = $ Calculator all Final check Homework: Assignment 3_Ch 4 Crunch the Numbers 1 Question 1, CTN 4.1 Part 3 of 3 HW Score: 0%, 0 of 15 points O Points: 0 of 15 Save (b) For Graduated First Dollar of Profits Profit Sharing Pool, the annual profit-sharing awards based on proportional payments for: (Round your 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 your 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 = $ Calculator Clear all Final check
