Matt is paid weekly and earns a 3.5% straight commission on sales of $6,500 or less and 5% on sales in excess of $6500. Last week, Matt’s total graduated commission was $415. What were his total sales for the week?

Q: Total sales for Appliance Center were $205,000 for the week. These sales included a 6% sales tax.…

A: Actual sales = Total sales / (1 + Sales tax rate)

Q: Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is…

A: Overtime wage rate = regular wage rates x 1.5 times = $11.45/hour x 1.5 = $17.18/hour

Q: Pickard Company pays its sales staff a base salary of $5,600 a month plus a $2.40 commission for…

A: The extra money a salesperson receives in relation to the quantity of sales they have made is known…

Q: Kallen receives a base salary of $800 per month plus 5% on all sales over $15,000. If Kallen sold…

A: Gross pay = Base salary + Commission on sale

Q: Dave Brown's cumulative earnings are $90,000, and his gross pay for the week is $6,700. If the FICA…

A: FICA (Federal Insurance Contributions Act) taxes consist of two main components: FICA-OASDI (Old…

Q: Jose receives a commission of 2.4% on his monthly sales up to $3,100. The rate then increases to…

A: Lets understand the basics. For calculating commission on sales, we need to use below formula.…

Q: Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular…

A: Payroll refers to the payment to be made by the employer to the employees for the services rendered…

Q: Terry McNutt, a single employee with two withholding allowances, is paid $12 per hour and receives a…

A: Definition of Regular Earning, Gross Earning and commission:Regular Earning – Regular Earnings are…

Q: Tyler's brother earns a commission. He makes 4.5% of the amount he sells. Last week, he sold $700…

A: A commission is a kind of fee that an agent or service intermediary charges for their services on…

Q: Sanders Tax Services prepares tax returns for senior citizens. The standard in terms of (direct…

A: Lets understand the basics.Direct labor rate variance is a variance between the rate at which labor…

Q: Terry, a single employee with two dependents under the age of 17, is paid $16.50 per hour and…

A: Payroll is the method used to compensate employees for the work they have completed. This involves…

Q: Dixon sales has five sales employees that receive weekly paychecks. Each earns $12 per hour and each…

A: Journalize the recognition of the pay period ending January 19th which will be paid to the employees…

Q: Atlas Builders deals strictly with five customers. The average amounts these customers pay per month…

A: A company's sales receipts may vary during different times of the year. In order to even out these…

Q: Marcia receives a monthly commission of 9% fixed percentage of her sales. Mid-nTonth, Marcia…

A: The commission received in advance is said to be Unearned revenue.  Given, Sales = $52,000…

Q: acob is a salesman who receives a $1,100 a week. he receives a 12% commissions on all sales. sales…

A: A straightforward definition of commission accounting is any revenue or cost incurred by the company…

Q: Ryan Lawrence's hourly rate is $16. He receives 1 and half times the regular rate for any hours…

A: Gross pay refers to the total amount received by the employer from their employee without any…

Q: susan sells jewelry. She gets a monthly salary plus commission on her sales. Her monthly salary is…

A: The salary may be partially fixed and partially variable depending on sales. The sales commission…

Q: During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per…

A: The high-low method is used to differentiate the mixed costs. The Mixed cost is the combination of…

Q: Terry McNutt, a single employee with two withholding allowances, is paid $11.50 per hour and…

A: Given details: Pay per hour = $11.50 Weekly total hours = 40 hours Gross pay (Regular earnings) =…

Q: You are paid a commission plus $3.40 per hour with time-and-a-half overtime for all hours over eight…

A: total hours worked = 8 + 8 + 10 + 8 + 10 + 9 = 53 overtime hours = 53 - 48 = 5 total pay from…

Q: Sarah Jones earns $555 per week selling life insurance for Farmer's Insurance plus 6% of sales over…

A: Solution: Sarah earnings = weekly salary*4 + 4% of excess sales = 555*4 + (24000-5750)*4% = 2220 +…

Q: A salesman earns a salary of $2000 per month plus 4% of all sales he make. The salesman make $25000…

A: Formula: Total Income = Salary + Bonus Sum of both salary and bonus derives the total income per…

Q: * 9. You are the sales manager for the Shockey Solar Panel Company. You receive a commission based…

A:

Q: Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 paid to…

A: Employee's Payroll: It is the amount for which an employee contributes or works for a company.…

Q: Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of…

A: Gross pay for last month will be the total commission received on sale. commission can be calculated…

Q: Bea owner of an automotive dealership, pays one of the salesman, mike a $1,300 draw per week plus 6%…

A: Commission refers to an expense paid to an agent or salesperson in exchange for the services after…

Q: A restaurant supply seller works for a 6% commission. If the total sales for the week were S 18,200,…

A: 4. Calculate the gross income for the seller.

Q: 1.Jill is paid a yearly salary of $90,000. How does she make per month?

A: Salary is the payment form from the employer to the employees, which might be specified the contract…