Wendy Epstein, a sales representative, earns an annual salary of $29,500 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 8.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10%. Her total sales for the past year were $295,000. Compute the following amounts: a. The regular annual salary $fill in the blank 1 b. The commission $fill in the blank 2 c. The total annual earnings $fill in the blank 3
Example 2-25
Kate Kline receives an annual $35,000 base salary for working a certain territory. A sales quota of $800,000 has been set for that territory for the current year. Kline will receive a 6 percent commission on all sales in excess of $800,000. For the current year, the sales in the territory are $1,030,000. The bonus paid Kline would be:
$13,800 (6% of $230,000)
Kline's total earnings for the year would be:
$48,800 ($35,000 + $13,800)
Wendy Epstein, a sales representative, earns an annual salary of $29,500 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 8.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10%. Her total sales for the past year were $295,000. Compute the following amounts:
| a. The regular annual salary | $fill in the blank 1 |
| b. The commission | $fill in the blank 2 |
| c. The total annual earnings | $fill in the blank 3 |
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