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A commission is a sum of money that an employer pays an employee as a fee or a percentage in exchange for completing a specified task or bringing in new business by selling the company’s goods or services. It is also occasionally called incentives or sales commissions. Generally speaking, anyone can earn a commission-not just those who make sales. In addition to the wage, the commission is paid.
The company’s policy, which guarantees base pay plus commission over a specific number of transaction closures, determines the commission rate.
The commission might mean several things depending on the context. Another name for a commission is an instruction to complete a work in exchange for payment. Additionally, a commission is a special body to look into something or a high-ranking position in the military.
