What does Plus 20 (+20%) mean?
Plus 20 (+20%) refers to a common fee added to an agent’s or manager’s commission in the entertainment industry. The +20% typically covers expenses such as taxes, social security contributions, or overhead costs incurred by the agent or manager. This term is often seen in contracts where the talent pays an agent or manager an additional 20% on top of the standard commission fee, ensuring that the agent’s net earnings cover all necessary deductions. The exact percentage may vary, but +20% is standard in many contracts.
Example:An actor agrees to pay their agent +20% on top of the regular commission to cover expenses like taxes and social security.
Example: A manager charges their client +20% in addition to their standard fee to ensure that all costs and taxes are covered.
Did You Know?
The “+20%” fee is common in the entertainment industry to ensure agents and managers receive compensation that covers their costs after tax deductions!
You can also find “Plus 20 (+20%)” and related terms in this category: Administrative and Financial.
