Carissa receivesacommission of 2.1% on her monthly sales up to $4,800. The rate then increases to 4.9% on the next $5,800, and the top rate of 9.3% applies to any further sales. During July, Carissa's sales were $14,973 and sales returns were $638. Carissa receives a commission of 2.1% on her monthly sales up to $4,800. The rate then increases to 4.9% on the next $5,800, and the top rate of 9.3% applies to any further sales. During July, Carissa's sales were $14,973 and sales returns were $638. a) Calculate Carissa's commission for July. $ b) Calculate her average hourly rate if she worked 27 hours during July. $ Add Work a) Calculate Carissa's commission for July.$ b) Calculate her average hourly rate if she worked 27 hours during July.$

Carissa receivesacommission of 2.1% on her monthly sales up to $4,800. The rate then increases to 4.9% on the next $5,800, and the top rate of 9.3% applies to any further sales. During July, Carissa's sales were $14,973 and sales returns were $638. Carissa receives a commission of 2.1% on her monthly sales up to $4,800. The rate then increases to 4.9% on the next $5,800, and the top rate of 9.3% applies to any further sales. During July, Carissa's sales were $14,973 and sales returns were $638. a) Calculate Carissa's commission for July. $ b) Calculate her average hourly rate if she worked 27 hours during July. $ Add Work a) Calculate Carissa's commission for July.$ b) Calculate her average hourly rate if she worked 27 hours during July.$

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 79P

See similar textbooks

Similar questions

As the owner of a copy and print shop, you must collect 6 ½ % of the amount of each sale for sales tax. If sales for the month are 48,680, find the combined amount of sales and tax. Thomas Dugally of Century 21 Real Estate sold a small home for 174,900. The commission was 6% of the sale price. Since Dugally both listed and sold the home, he receives 60% of the commission, and his broker receives the remainder. Find the amount received by Dugally.
Vi Safa is paid a base salary of $1500 per month and a commission of 6% on all sales over $75,000. Last month, Safa's gross salary was $4440. What were her sales for the month? What are the taxes on a property assessed at $927,000 if the mill rate is 16.8629?
David is paid a monthly salary of 12,000 and earn a commission of 4% in sale. If he sold the total amount of 80,000 during the month how much is the gross pay
Jenny receives an annual salary of $51,000 plus a 10 percent commission on all sales during the year in excess of $200,000. Her sales for the year total $420,000. What do her total earnings amount to ?
Carol is a salesperson paid solely by commission and is paid monthly. In September, Carol earned a total of $7,500.00 in commissions and received a mid-month advance of $2,000.00. What amount would be used at the end of September to calculate statutory deductions?
On the last weekly pay of the first quarter, Lorenz is paid her current pay of $90 per day for four days workedand one day sick pay (total— $450). She is also paid her first-quarter commission of $1,200 in this pay. How muchwill be deducted for:(a) OASDI tax ($1,650 × 6.2%) = __________(b) HI tax ($1,650 × 1.45%) = _____________
Humaid is paid a 7% commission on all sales. He sold goods worth RO 15,000 in a month. What is his gross pay if he takes a draw of RO 500? a. RO 550 b. RO 650 c. RO 1011.5 d. RO 1050
Mr. Bilal receives OMR 4000 monthly salary. He also receives a variable commission on net sales based on the following schedule (Commission does not begin until Bob earns OMR 8000 in net sales) From OMR 8000 to OMR 12000 - 2% Excess of OMR 12000 to OMR 20000 – 4% Excess of OMR 20000 to OMR 40000 – 6% More than OMR 40000 – 10% Assume Bilal earns OMR 42000 net sales for the month. What is his gross pay?
Lauren is paid a 6% commission on total sales she sold 2 houses this week for $285,900 and $320,700 how much will Lauren pay in FICA tax?
5. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of P33,000 (22 working days). In addition, he also receives the following allowances: Rice allowance- P300; Clothing allowance-P50O; Laundry allowance-P200 For the month of August 2021, he made a total sale of P1,500,000 and is entitled for 3% commission rate. Also he has the following over time: a. 10 hours REGOT; b. 5 hours SHOT; c. 8 hours SHRDOT; d. 5 hours LHOT; e 7 hours LHRDOT. How much is his net pay if he receives his compensation on a monthly basis? *
Joseph Flores is paid $452 per week plus a commission of 2% on all sales. Flores sold $712 worth of goods on Monday, $523 on Tuesday, $1002 on Wednesday, #91 on Thursday, and $609 on Friday. Returns and allowances for the week were $114. Find the employee’s social security tax, Medicare tax, and sate disability insurance deduction(1%) for the week.
Irish paid a monthly salary of 15,000.00 and earn a commission of 3% in sales. If she sold a monthly amount of 150,000.00 during the month, how much is his gross pay?