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

  1. 90%

  2. 85%

  3. 95%

  4. 80%

The correct answer is: 95%

In scenarios where a commission of 5% or less is charged, the percentage that should be paid to the entitled person is determined by considering the total amount and the commission deducted. If a 5% commission is charged, this means that 95% of the total remains after the commission is deducted. Therefore, if the commission is at its maximum of 5%, the entitled person would receive 95% of the total balance. This understanding is essential in ensuring that the entitled person receives the appropriate amount after commission deductions. The choice indicating 95% aligns with this calculation, illustrating that it reflects the remaining balance intended for the individual after accounting for the commission charged.