In taxation, active income refers to earnings derived from active involvement in work and trade, including salaries, wages, and commissions. It is distinct from portfolio and passive income, which come from investments and activities in which the taxpayer does not materially participate.
An account used to record commissions paid by an organization to agents and others. This account is essential for tracking costs attributed to sales commissions within a company's financial statements.
An exclusive right to sell listing is a contract granting a broker the right to collect a commission if a property is sold by anyone, including the owner, during the term of the agreement.
A multiple listing arrangement among a group of real estate brokers who agree in advance to provide information about some or all of their listings to the others and also to split commissions on sales of such listings between listing and selling brokers.
Proceeds refer to the amount of money or capital generated from a transaction or a series of transactions, typically calculated after applicable costs, fees, and commissions have been deducted.
Insurance coverage protecting future profits or commissions from a manufacturer's inventory loss due to insured perils like fire.
A sales load, also referred to as a sales charge, is a commission or fee paid to a broker or agent when an investor buys or sells shares in a mutual fund.
Supplemental wages include bonuses, commissions, overtime pay, and certain [SICK PAY]. An employer can withhold income tax at a flat 25% rate or use the same method as for regular wages.
