Answer:
$6,621.25
Explanation:
Calculation to determine the sales associate's total compensation
First step is to calculate the Total commission to the firm:
Total commission= $234,500 × 6.5%
Total commission = $15,242.50.
Second step is to calculate the three parts of the salesperson's commission
First part
Salesperson's commission=$2,500*30%
Salesperson's commission=$750
Second part
Salesperson's commission=$5,000*40%
Salesperson's commission=$2,000
Third part
Salesperson's commission =$2,500 + $5,000
Salesperson's commission=$7,500
Third step is to calculate the agent 50% commission that is left
Agent commission=($15,242.50 - $7,500) *50%
Agent commission=$7,742.50 * 50%
Agent commission = $3,871.25
Now let determine the sales associate's total compensation
Sales associate's total compensation= $750 + $2,000 + $3,871.25
Sales associate's total compensation= $6,621.25
Therefore Sales associate's total compensation is $6,621.25
