9. You are paid a commission plus $3.40 per hour with time-and-a-half overtime for allhours over eight per day. Your commission consists of 4% of the first $3000 in salesand 5% on all sales over $3000. Find your gross pay for a week in which youworked 8 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 8 hourson Thursday, 10 hours on Friday, and 9 hours on Saturday. Your total sales for theweek were $3950.

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

Answered: You are paid a commission plus $3.40…

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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Similar questions

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You have generated 1,500,000 sales. compute your total income if you received a fixed salary of 40,000 and a bonus of 10% if you reach your sales quota of 2,000,000.
An orchardist pays apple pickers $10 per hour plus $8 per $100kg of apples picked. If workers pick, on average 180 kg per hour for a 40-hour workweek. What are the gross earnings of the week?
Dick's Draperies has gross sales $15,000 per month, half of which are on credit (paid with 30 days). Monthly expenses are as follows: wages, $3,000; utilities and rent, $2,000; advertising, $300; and miscellaneous, $500, inventory is purchased every three months and totals $30,000 for each order. Yearly expenses paid for in advance are insurance of $1,000 and a rent deposit of $700. Prepare a six-month cash flow statement for Dick's Draperies. What advice would you give this business based on the cash flow statement?
Royall Company purchased a delivery truck at $25,000 plus 8% sales taxes. Royall paid $3,000 in cash and financed the rest at 6% requiring 40 equal monthly payments at the end of each month. Compute the amount of the monthly payment that Royall must pay.
The Verizon publishing company pays its sales people a weekly salary plus a 2% commission on all net sales over 5,000 (no commission on returned goods.) Complete the following. Employee: Ryan Gross sales: $13,125 Return: $125 Net Sales: Given quota: $5,000 Commission sales: Commission Rate: 2% Total commission: Regular wage: $250 Total Wage:
10. You are paid a commission plus $5.40 per hour with time-and-a-half overtime for all hours more than 8 per day. Your commission consists of 4% of the first $3,000.00 in sales and 5% on all sales over $3,000.00. Find your gross pay for a week in which you worked 9 hours on Monday, 8 hours on Tuesday, 11 hours on Wednesday, 9 hours on Thursday, 10 hours on Friday, and 8 hours on Saturday. Your total sales for the week were $4,115.00. s clonisa
David is paid on a graduated commission scale at Lotrex Company. He receives 2% commission on the first $20,000, 6% on sales from 20,000 to 70,000, 8.5% commission on sales from $70,000 to 100,000, and 10% commission on sales over $100,000. David had sales of $82,000. His commission is:
Grainne is an inside saleperson who earns an annual salary of $32800(paid biweekly) plus commission on quarterly sales that is paid on the first pay date on the next quarter. She receives a 1% commission for quarterly sales totaling $0 to $25000, a 2% commission for quarterly sales totaling between $25,001 and $50,000, and a 3% commission for quartlerly sales totaling ovet $50,001. During the second quarter, Grainne's quarerly sales totaled $46,750. What is her gross pay for the first pay period in July? ( do not roud intermediate calculations. Round you answer to 2 decimal places.)
Samuel Worthy earns both $8.10/hour and a 14% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $12,000.

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