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Why does the value of deposits on the commission statement from the Bank not equal the amount banked by the students?

April 26, 2017Bank banked Commission deposits students value

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Why does the value of deposits on the commission statement from the Bank not equal the amount banked by the students?

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A. The deposit total on the commission statement shows the amount on which commission was calculated. A maximum commission payment of $10 per deposit applies (i.e. over the value of $200). Therefore, for example, a deposit of $300 is recorded as $200 for commission reporting purposes.