10. You are paid a commission plus $5.40 per hour withtime-and-a-half overtime for all hours more than 8 per day.Your commission consists of 4% of the first $3,000.00 in salesand 5% on all sales over $3,000.00. Find your gross pay for aweek in which you worked 9 hours on Monday, 8 hours onTuesday, 11 hours on Wednesday, 9 hours on Thursday,10 hours on Friday, and 8 hours on Saturday. Your total salesfor the week were $4,115.00.s clonisa

Day Number of hours (A) Over time hours (B=A-8) Overtime pay (C=B*1.5*5.4) Normal hour pay (D=…

Answered: 10. You are paid a commission plus…

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1E

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A saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for the month over Ρhр 25,000.00. At the end of the current month she sold Ρhр 42,856.00. What is the amount of her commission? What is her total gross рay for the month?
A man is paid on a salary-plus-commission basis. He receives $275 weekly in salary and a commission based on 5% of all weekly sales over $2,020. If he sold $7,825 in merchandise in one week, find his gross earnings for the week. The man's gross earnings for the week were $ (Round to the nearest cent as needed.) C...
9. You are paid a commission plus $3.40 per hour with time-and-a-half overtime for all hours over eight per day. Your commission consists of 4% of the first $3000 in sales and 5% on all sales over $3000. Find your gross pay for a week in which you worked 8 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 8 hours on Thursday, 10 hours on Friday, and 9 hours on Saturday. Your total sales for the week were $3950.
III. Commission Analyze and solve the following problem. 1. A sales agent receives 15% commission on all products that he sells. If the sales agent sold P230,450 worth of products this month, what was his total commission for the month. 2. Lawrence gets a base monthly salary of P14,500. As a sales agent, he must sell P75,000 worth of items per month. He also makes a 7.5% commission on all sales beyond the monthly quota. If Lawrence sold P140,000 worth of items this month, what is his total salary for the month including base and commission? 3. A real estate agent gets P11,000 basic salary per month plus some money by commission rates. If she gets 2.5% commission on the properties that she sells, find her total salary for the given month when she sold P1,200,000 worth of property?
6. Jasper Hall sells farm chemicals. He is paid a commission of 9% of his first $6,000 in sales during the month and 14% on all sales over $6,000. What is his commission in a month in which he has sales worth $16,120? lianees, He ismaid an 8% cemmission on D RU
7. The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,200.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month? Level Sales Volume CommissionRate 1 9,100–17,600 5.1% 2 Over 17,600 6% A.$2,583.60 B.$2,683.60 C.$2,783.60 D.$2,883.60
1.Jill is paid a yearly salary of $90,000. How does she make per month? 2. A salesman is paid a 6% commission on his net sales. Find his gross wages for the past month if his gross sales totaled $91,568 and he had $5,568 of returns and allowances. 3. A salesman receives a salary of $500 per week plus an 8% commission on all sales in excess of $1,800. What were his wages last week, if gross sales totaled $18,714 and returns were $5,714? Group of answer choices A.$1,481.12 B.$1,981.12 C.$1,040 D.$1,396 4. An auctioneer earns a commission on the total value of the property he sells. If he earns $2,700 on the sale of $18,000 worth of property, at what percentage rate is he paid? Group of answer choices A.0.15% B.15% C.1.5% D.1 1/2% 5. A computer programmer, who is covered by the Fair Labor Standards Act, is paid a salary of $1,260 a week for a normal work week of 35 hours. If she works 42 hours in a week, her gross pay for the week would be Group…
Jasmin is paid a weekly commission of 6% on net sales of $5000, 9% on the next $4000, and 12.5% on all further sales. Her gross sales for a week were $14 250, and sales returns and allowances were $170. What were her gross earnings for the week? Gross sales $ Less: = = $ Commission: 9% on $4000 Returns = $ Net sales $ Commission: 6% on $5000 Commission: 12.5% on further sales = $ Gross earning = $ = = $
5. Kane Flakes had gross earnings of $294.30 for last week. Scott earns a base salary of $150.00 on a weekly quota of $4500.00. If his sales for the week were $6424.00, what is his commission rate?
A sale's man has a fixed salary of birr 200 a week in addition, he receives a sales commission that is 20%of his total volume of sales. State the relationship between the sales Man's total weekly salary and his sales for the week
JYD Accounting Firm pays its employees at a rate of $50/hr. The tax and other deductions amount to 20% of monthly income in excess of $1,000 if an employee works 40 hours in 120 hours in a month. How much is the gross payroll?
_ 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

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