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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 -- Solution

Your client has just done an automobile commercial that was broadcast nationally. You need to figure out how much your client will make and how much will be coming to you as your commission.

Your commission = $9,430 x 0.15
Your commission = $1,414.50

Tax on your commission = $1,414.50 x 0.07
Tax on your commission = $99.02

Client's earnings = $9,430 - $1,805 (deductions) - $1,414.50 (commission) - $99.02 (tax on commission)
Client's earnings = $6,111.48

You make $1,414.50 and your client takes home $6,111.48.

"I loved math and now I am glad I did. If I am talking to a client about how much money he is going to make on a guaranteed series, it looks good if I know off the top of my head that 22 episodes at $17,500 an episode is $385,000," says talent agent Doreen Eliassen.

"I think it would be a little tacky to whip out a calculator for every equation, when you can have it right there in your brain if you studied hard enough."


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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.