How to Figure Out the Gross Annual Income From a Commission-Based Job
When working a job that is commission-based, it may be difficult to figure out what your gross annual income is likely to be. Gross annual income is the total amount of your income, before any taxes or deductions are taken out. Since commissions tend to vary, it may not be possible to determine the exact amount of your gross annual income, but an accurate estimate of this amount is attainable with the right information.
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Instructions
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1
Determine the amount of commissions you earned for a specific time period. The longer the period, the better, as this will give you a more accurate estimate of your gross annual income.
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2
Find the amount of your regular salary for the same time period. If your job is strictly commission-based, ignore this step.
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3
Divide one year by the length of the time period that you used in the previous steps. For example, if the time period used was one month, you would get 12; for one week, you would get 52.
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4
Add the amounts from Steps 1 and 2 and multiply by the number you got in Step 3 to get your gross annual income.
If you are using a one-month period, and you earned $5,000 in commission and $1,000 in salary, you would add these two figures together to get $6,000 and multiply by 12 to obtain your gross annual income of $72,000.
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