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Calculating Profit Sharing Pay Awards In your new role as compensation analyst, you have been asked to estimate the dollar amount of the profit sharing pool based on three approaches as well as the allocation of profit sharing awards to eligible employees. The company's profils equal $35 million You are considering the following three formulas for determining the total profil sharing pool First-Dollar of Profits. The company agrees to share 20 percent of all pronts up to $12 million Graduated Fest-Dotar-of-Profits. The company agrees to share 10 percent of all profits up to 515 milion, and 30 percent of ali profits up to $40 million Profitability Threshold Formule The company will share 10 percent of the profits above $10 million up to $17 milion There are 230 employees whose total annual base pay equals 52,100,000 The total profit sharing pool for (Round your answers to the nearest hundredthis place) (a) First dollar of profits is $ 240,000 (b) Graduated first dollar of profits is $ 1,050,000 (c) Profitability threshold formula is $ 170,000 Based on the equal payments formula, the average profit sharing award per employee (based on the total profit sharing pools) for (Round your answers to the nearest hundredths place) (a) First dollar of profits is $ 1043 48 per employee (b) Graduated first-dollar-of-profits is $4565 22 por employee (8) First-dollar of profits is $ 1043 48 per employee (b) Graduated fiest-dollar-of-profits is $ 4565 22 per employee (c) Profitability threshold formula is $ 739 13 per employee (a) For First Dollar of Profits Profit Sharing Pool, the annual profit-sharing awards based on proportional payments for (Round your answers to the nearest hundredths place) Jim, whose annual base pay equats $55,000 - $ Margaret, whose annual base pay is $125,000 = SL Ella, whose annual base pay is $210,000 = 50 (b) For Graduated First Dollar of Profits Profit Sharing Pool the annuai proft-shaning awards based on proportional payments for (Round your answers to the nearest hundredths place) Jim, whose annual base pay equals 555,000 = $|| Margaret whose annual base pay is $125,000 = 5 Elle, whose annual base pay is $210,000 = $ For Profitability Threshold Formula Pool the annual profit-sharing awards based on proportional payments for (Round your answers to the nearest hundredths place) Jim, whose annual base pay equals $55,000 = $|| Margaret, whose annual base pay is $125,000 = $ Ella, whose annual base pay is $210,000 = 5 )

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