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

Q: 1. James works as a salesman in Octagon Blitz, a computer, gaming, and multimedia store. Last month,…

A: The sales commission is based on the sales revenue earned during the period.

Q: Joy is paid a straight commission of 10% on his total amount of sales. If her total sales for the…

A: Commission = 10% x total amount of sales

Q: Zonke is employed by Picmore Limited. The normal working week of the company is 45 hours. Zonke's…

A: According to the given question, we need to compute the required figures.According to the SARS, the…

Q: 7. Etta earns a yearly base salary in addition to a commission on the sales she makes. If Etta made…

A: Lets understand the basics. Sales commission is paid to employee for making sales. When we have…

Q: 11. Use the same information in MC 10. How much should the sales manager and each sales agent…

A: Employee means a person who work in our company and get wages or salaries in return of work…

Q: Eleanor Shellstrop sells inventory in exchange for $1,000 today and $2,000 a year for 5 years (i.e.,…

A: Sells inventory in exchange today  $                                      1,000.00 Sells inventory…

Q: Show excel formula please. Reymundo purchases a property for $300,000. He gets a 2.00% 30 yr fixed…

A: The PMT function or concept can be used to determine the periodic payments required to accumulate a…

Q: Maricel Santos sells products from a direct selling company. She receives 10% commission for her…

A: Sales commission: It refers to the sales incentive paid to the salesperson on top of his base pay,…

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: 5. Evelyn Watterson sells cosmetics for Final Touch, Inc. She is guaranteed a salary of $650 a month…

A: Evelyn Watterson's gross pay will be greater from both the options.

Q: Required a. Determine the net pay for employee salary expenses on December 31, Year 1.

A: After deductions from gross pay, net pay is the amount of remuneration that remains distributable to…

Q: Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 15% of any income, before…

A: A bonus is monetary recompense that exceeds the recipient's usual payment expectations. Bonuses can…

Q: Joshua Vermier of Sacramento, California, received a raise after his first year on the job to…

A: Given information: Initial salary is $42,200 Salary rise after first year to $45,400 Inflation…

Q: Carmen who is a sales representative receives a basic salary of Php. 400,000 per year plus a…

A:

Q: Electronics Service Company pays salaries monthly on the last day of the month. The following…

A: After deductions from gross pay, net pay is the amount of remuneration that remains distributable to…

Q: 1. Tammy is paid on a per-piece at the rate of P12 per piece. If she finishes 360 pieces a week, how…

A: Formula: Total Earnings = Number of pieces x Rate per piece

Q: Mickie is a regional supervisor who earns a base salary of $45.600 per year plus a 3% commission on…

A: Gross pay is the total amount of money an employee earns from their employer before any deductions…

Q: Questions 7 and 8 are grouped. 不計 計 31 At the beginning of this year, Mac Allister enters into a…

A: Herein, the seller enters into the contract to sell a product with the terms that if the customer…

Q: Humaid is paid a 7% commission on all sales. He sold goods worth RO 15,000 in a month. What is his…

A: Gross pay is the money that a person received without making any deductions.

Q: esk for $3,000. Miller will pay back $260 per month. Interest is 5% on the unpaid balance. Calculate…

A: Interest - Interest is the cost of borrowing money or the fee you charge to lend it. Most…

Q: Baekhyun Company distributes annual bonuses to its sales manager and two sales supervisors. The…

A: Bonus is the additional pay that a company pays to its employees over and above their regular…

Q: Schrute Farm Sales buys portable generators for $450 and sells them for $770. He pays a sales…

A: Contribution margin is defined as the portion of revenue left with an entity after it has disbursed…

Q: if Jayne company gets a discount loan at a 12 percent interest rate.  They borrow $100,000 for one…

A: Since you have asked multiple questions, we will solve only one( i will be solving the 2nd question…

Q: ABC Co. distributes annual bonus to its sales manager. The company reported P2 million profit for…

A: The net income after tax is calculated as follows: Net income after tax = Net income before income…

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: 4.Mr. Alvin's daily rate is P740.25, and is given a sick leave of 25 working days. Suppose the sick…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Carissa receivesacommission of 2.1% on her monthly sales up to $4,800. The rate then increases to…

A: Commission is one form of revenue being earned on sales made by the business. This is calculated as…

Q: 7. Willis Vogal sells for Harvey's King-Size Clothes. He is guaranteed $3.20 per hour or 2.5% of his…

A: Hourly rate = $ 3.20 Pay rate based on sale = 2.5% Hours worked = 79 Sales = $ 6954

Q: 15. Diane Tennet earns $62,500 per year as an engineer. She receives a raise of 3.3% in a year in…

A: Purchasing power is the amount of goods and services that can be purchased with a unit of currency.

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: ABC sells products to customers with a warranty. Customers can return the products to ABC for a free…

A: For accounting purposes, inventory valuation is very important for calculating COGS, closing…

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: ABC Co. distributes annual bonus to its sales manager. The company reported 2 million profit for…

A: The net profit after tax is calculated as difference between net income and income tax.

Q: X, a minimum wage earner. In 2018, his salary and overtime pay totaled 200,000 and his hazard pay is…

A: In the context of the given question, we are required to compute the taxable income of X in 2018.…

Q: A business is deciding whether to give an end-of-year bonus of $5000 each year for the next four…

A: End of year bonus (B) = $5,000 Bonus period (p) = 4 years Discount rate (r) = 0.07 Present value…

Q: Sky Company employed Tom Mills in Year 1. Tom earned $5,700 per month and worked the entire year.…

A: Payroll Tax: Payroll taxes comprise the taxes paid by employers and employees on salaries,…

Q: Jay sells maintenance pills for a pharmaceutical company. He is paid 7% of sales up to 40,000 pesos,…

A: Sales commission is the amount of money earned by a sales person on the sale of units on behalf of…

Q: At the end of the year, if Malek reaches his annual sales quota, he is given an extra $10,000. This…

A: At the end of the year, if Malek reaches his annual sales quota, he is given an extra $10,000. This…

Q: A buyer earns $48,000 salary per year. In order to qualify for an 85 percent loan, his monthly PITI…

A: Introduction = Every person needs loan to buy his house, to run his business, education loan etc.…

Q: Schrute Farm Sales buys portable generators for $500 and sells them for $760. He pays a sales…

A: Income statement :— It is one of the financial statements that shows profitability, total revenue…