Gross earning

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ron Company has the following commission schedule:
Commission rate
Sales
2%
Up to $80, 000
Excess of $80,000 to $100,000
More than $100,000
3.5%
4%
Calculate the gross earning.
Employee
Total sales
Gross earning
Lai Xiaodong
%24
146,000
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Transcribed Image Text:Ron Company has the following commission schedule: Commission rate Sales 2% Up to $80, 000 Excess of $80,000 to $100,000 More than $100,000 3.5% 4% Calculate the gross earning. Employee Total sales Gross earning Lai Xiaodong %24 146,000 < Prev 6 of 16 Next ..... .....n .....
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