Barry works at Larry's Computer Outlet. He receives a weekly salary of $310 plus a 3.05% commission based on his sales. Last year, he sold $1,015,092 worth of computer equipment. How much money did Barry earn last year?
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- Sebastian sells cars for a living. Each month, he earns $1,400.00$1,400.00 of base pay, plus 11.3%11.3% of commission from his sales. One month, Sebastian made $44,400.00$44,400.00 in sales. How much income did he earn in total in that month?Accounting Henry makes $13.67/hr. at his job and he normally works 43 hours per week. His expenses each month are $940/month for rent, $529.26/month for utilities, and $410/month for food and clothing. He wants to buy a car, but the payments are $382.74/month. If Henry pays 15% of his income to taxes and insurance, can he afford this new car? Give your answer as the amount of money left after the car payment is added or give a negative number of the money he earns is not enough. Assume a month is 4 weeks. Round to the nearest cent.Abdul works full-time in a bookstore. He earns a take-home salary of $580 a week. His expenses are $770 a month for rent and utilities, $41 a month for his cell phone, $80 a week for groceries, and $150 every two weeks for miscellaneous expenses. How much can Abdul save each month?
- Freddy runs a business selling clocks. He buys 457 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold?Tyler's brother earns a commission. He makes 4.5% of the amount he sells. Last week, he sold $700 worth of shoes. How much was his commission?Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $530,000 and an average tax rate of 33%. She spent $53,000 on ingredients, $26,500 on utilities, and $95,400 to rent the premises. Emily has a few employees and paid them $106,000 in wages in total. She also paid herself a salary of $79,500 and spent $53,000 to pay for employee benefits. A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $26,500 in interest on that loan. Depreciation for the equipment was $15,900. What was operating income (EBIT) for the year? What was net income for the year?
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