The value must be a number8.The earnings of two employees are given below:Rachel: 7% on all salesGunther: 4% commission on the first $60,000 and 7% on anything over $60,000.How much more does a straight commission employee make than the graduated commissionemployee for sales of $100,000?(2 Points)The value must be a number9.

The commission is a payment received in return for the sales quantity achieved. Straight Commission…

Answered: How much more does a straight…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Guided Question: 1. David is paid a monthly salary of P12,000 and earns a commission of 4% in sales. If he sold a total amount of P80,000 during the month, how much is his gross pay? 2. Haidee makes money by commission rates. She gets 15% of everything she sells. If Haidee sold P23,000 worth of item this month, what is her total salary for the month? 3. Maine makes a base monthly salary of P9,000 and gets 10% of everything she sells. If Maine got a total salary of P12,000 for the month, how much is the worth of items did she sell?
2. Isadore Mitchell. Clothing salesperson. Minimum weekly salary is $250. Rate of commission is 6%. Weekly sales are $2480. What is the commission? What is the gross pây?
Assume you are a salesperson earning 10 percent commission and you have sold $540,000 in products this year. What are your commission earnings for the year (show your math). Based on this, if you were on a draw of $50,000, would you earn your draw or commission?
please solve both questions within 30 minutes. with detailed explanations.
You are paid a base weekly salary of $362 and earn 6.5% commission on your sales at a furniture store. What is your total earnings for the year if you achieved a total sales of $231, 611.60?
1. Ben Landis. Used car salesperson. Minimum weekly salary is $140. Rate of commission is 2.5%. Weekly sales are $14,850. What is the commission? What is the gross pay?
_ Kallen receives a base salary of $800 per month plus 5% on all sales over $15,000. If Kallen sold $75,000 last month, his gross pay would be $3,800. True or False
Subject: Financial Accounting
5. Mike Lasueze is a salesperson in the appliance department at Wicklow Appliance Inc. He is guaranteed a minimum salary of $220 per week or 5.5% of his total sales, whichever is greater. What is his gross pay for a week in which his total sales were $8,400?
5. Evelyn Watterson sells cosmetics for Final Touch, Inc. She is guaranteed a salary of $650 a month or 7% of her total sales, whichever is greater. What is her gross pay for a month in which her total sales were $9654? Reman Zanata sells electrical fixtures for The Lis Conter lA Couare --et is his salay e tota were $89757
A restaurant supply seller works for a 6% commission. If the total sales for the week were S 18,200, determine the gross income for this seller. 4. 5. Determine the Social Security contribution (6.2%) and the medical care contribution (1.45%) for an employee with a gross income of $ 515. Round to the nearest penny. 6. An employee has a net income of $ 880 and total deductions of $ 262, determines the gross income.
Direction: Solve the following problems and show your complete solution. 1. Aina, who works in an accounting firm, earns a monthly salary of P35,000 per month and also receives P3,500 for a monthly allowance. Her monthly contributions are as follows: P1,466 for income tax, P300 for PhilHealth, P800 for SSS, and P100 for Pag-IBIG. Find her gross and net income for this month. salary of basic salary of P3 2. Cathy, a police officer, gets a basic P39,000 a month, monthly allowance of P2,000 and a hazard pay of P2,500. Find her annual gross income.

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How much more does a straight commission employee make than the graduated commission employee for sales of $100,000?