Question Help 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 proft-sharing awards to eligible employees. The company's profits equal $35 milion. You are considering the following three formulas for determining the total profit-sharing pool First-Dollar of Profits: The company agrees to share 2.0 percent of all profits up to $12 million Graduated First-Dollar-of-Profits. The company agrees to share 3.5 percent of all profits up to $15 million, and 5.5 percent of all profits up to $40 million Profitability Threshold Formula: The company will share 5.0 percent of the profits above $10 million up to $17 million There are 280 employees whose total annual base pay equals $2,100,000 The total profit-sharing pool for (Round your answers to the nearest hundredths place.) (a) First-dollar of profits is $ 240000 (b) Graduated frst-dollar of profits is $ 1,925,000 (c) Profitability threshold formula is $ 850000 Based on the equal payments formula, the average prot sharing award per employee (based on the total profit-sharing pools) for: (Round your answers to the nearest hundredths place.) (a) First-dolar of profits is $ per employee 44 Question Hel total profit-sharing pool First-Dollar of Profits. The company agrees to share 2.0 percent of all profits up to $12 million ch Graduated First-Dollar-of-Profits: The company agrees to share 3.5 percent of all profits up to $15 million, and 5.5 percent of all profts up to $40 million. 2: Profitability Threshold Formula. The company will share 5.0 percent of the profits above $10 million up to $17 million. There are 280 employees whose total annual base pay equals $2,100,000 ats The total profit-sharing pool for: (Round your answers to the nearest hundredths place) stio (a) First-dollar of profits is $ 240000 (b) Graduated fra dotar of profits in S 1,925,000 (c) Profitability threshold fomula is $ 850000 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 $ per employee to (b) Graduated first-dollar-of-profits is $ per employee (e) Profitability threshold formula is $ per employeo yol 1 Enter your answer in the edit fields and then click Check Answer. Dart