Final answer:
Sylvia's total commission earnings over the first three years would be $5,400, based on a 30% commission rate for each $6,000 insurance plan sold per year.
Step-by-step explanation:
To calculate Sylvia's commission earnings over the first three years, we need to apply the commission rates to the cost of the insurance plan she sells, assuming the commission rate is represented by the tiered earnings example provided.
The insurance plan costs $6,000 per year. Each year Sylvia sells one plan, her earnings would be the commission on that amount. So, if we look at the commission tiers, for a $6,000 insurance plan, she would earn $1,800 each year (30% of the yearly cost based on the commission rate).
Therefore, over three years, her total commission would be:
Year 1: $1,800
Year 2: $1,800
Year 3: $1,800
Summing these amounts, we get a total of $5,400 over the first three years.
To calculate Sylvia's commission earnings over the first three years, we need to know the commission rates and the amount of sales she made each year. The question does not provide this information, so I cannot give a specific answer. However, I can explain how to calculate commission using an example.
Let's say Sylvia's commission rate is 5% for every sale. If she made sales of $10,000, $12,000, and $15,000 in the first, second, and third years respectively, we can calculate her commission earnings as follows:
In the first year, her commission would be $10,000 x 0.05 = $500.
In the second year, her commission would be $12,000 x 0.05 = $600.
In the third year, her commission would be $15,000 x 0.05 = $750.
Therefore, Sylvia's commission earnings over the first three years would be $500 + $600 + $750 = $1,850.