Michigan Mortuary Science Practice Exam

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Study for the Michigan Mortuary Science Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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If a commission of 5% or less is charged, what percentage of the remaining balance should be given to the entitled person?

85%
90%
95%
100%

The correct answer is: 95%

When a commission of 5% or less is charged, the correct allocation of the remaining balance is to give 95% to the entitled person. This is because the 5% commission is deducted from the total amount, leaving 95% of the funds available for distribution to the entitled individual. In practice, after the commission is taken, it is standard to ensure that the majority of the funds remain available to the entitled parties, which is why 95% is a common figure used in these situations. This approach supports fairness and aligns with expectations that the maximum possible amount should reach those who are entitled following the deduction of any fees. The options that suggest lesser percentages, such as 85%, 90%, or even 100%, do not reflect the standard procedure in cases involving commissions where an established percentage is taken from the total before distributing the remainder.