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Agent/Business Manager of Artists, Performers, or Athletes

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AVG. SALARY

$69,540

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EDUCATION

Bachelor's degree or higher +

Real-Life Activities

Real-Life Math

Most of the math you do as a talent agent involves working out percentages and taxes on your clients' paychecks.

Your commission is 15 percent of the gross (total pay before deductions such as union dues and income tax) that your client makes. So, first you have to figure that out.

Next, you have to charge tax on your commission, which amounts to 7 percent. The government gets that.

Finally, you have to subtract both your commission and the tax on it from your client's net earnings (the net being what's left after deductions). The remainder is what your client gets to take home.

Your client has just done an automobile commercial. Her part was small, but the commercial is being broadcast nationally, so she is being paid $9,430 (gross) for 2 days' work -- not bad.

The deductions from her gross pay went to union dues and a retirement fund. They totaled $1,805. How much will your commission be and how much will your client take home?

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.