Quote:
Originally Posted by Mike Oxlong
This is a little different...
Let me make sure I am understanding you.
So month 1 you get $5000 salary and 2% commisions - regardless of what you sell
Month 2 you get $4500 salary and 4% commisions - again regardless of what you sell.
Is that correct? Or do you have to sell a certain amount to get the increased commisions?
The lender is going to want some kind of guarantee that you are going to pull in at least $60,000. That is where their concern will lie.
If you prefer not to have your pay structure advertised for everyone to read feel free to PM me. Otherwise we can do this in public to try and educate the masses!
|
Basically my comission goes up no matter what.
I actually asked my business owner (boss too) about this because I was really concerned. He said he could write a letter that just says everything I make is salary and support it with a T4 that lumps my salary and comission together.
I think I'll be good to go now... right?
Thanks again Mr. Oxlong
