You are a sales rep and you make 5% commission on all sales. You typically have $100,000 in sales each month. You have a retirement plan that takes 8% of your pay and you receive 0 paid vacation or sick days. a. What is your monthly salary? b. What amount of your monthly salary goes to retirement? c. If you are out sick for two days this month, what is your net monthly salary?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You are a sales rep and you make 5% commission on all sales. You typically have $100,000 in sales each month. You have a retirement plan that takes 8% of your pay and you receive 0 paid vacation or sick days. a. What is your monthly salary? b. What amount of your monthly salary goes to retirement? c. If you are out sick for two days this month, what is your net monthly salary?

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