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Saturday, June 16, 2012

Draw vs Commission

For those that keep asking. In Draw vs commission, an employee is advanced a payment for his work every pay period. His income is derived from a percentage of the costs of goods sold. The employee at a minimum has to sell enough to cover his draw(loan) any amount over his draw is his commission. If the employee does not sell enough to cover his draw, he goes into deficit. You don't want that.

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Mr. Oluwasusi, A portrait.

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