I need help I've been trying to solve this problem for 3 days and still no results. I know how to solve the problem when the level starts from 1-17600 but what do i do if it is starting from 9100-17600 what do i subtract from to get the correct answer?
The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,600.00 plus an incremental commission based on the table below. If Sally sells $29,700.00, what is her total gross pay for the month?
Level Sales Volume Commission Rate
1 9,100-17,600 8.1%
2 Over 17,600 9%
6 answers
1600 + 17600*.081 + (29700-17600)*.09 = ?
PsyDags formula is incorrect. $1600.00 plus (($17,600-$9100)*.081 + (($29700-$17,600)*.09)=? In this problem, Sally does NOT get commissions on sales less than $9,100! Her base salary covers sales up to that amount!
17600*.081=1425.60
12100*.09=1089
1425.60+1089+1600=4114.60
12100*.09=1089
1425.60+1089+1600=4114.60
The weekly payroll of Abkar Hardware includes 19 employees who earn $280.00. How much is the employer's share of total social security and Medicare taxes for the first quarter of the year?
MathFreak is right. There's no commission below $9,100 as the range to get commission of 8.1% is from $9,100 up to $17600.
PsyDAG and Ashley are wrong. "?"
PsyDAG and Ashley are wrong. "?"
So there is no commission under $9,100 so you cannot include that money. There for equation goes as such:
17,600 - 9,100 = 8,500 < The amount to be commissioned under 17,600
29,700 - 17,600 = 12,100 < The amount to be commissioned over 17,600
The base pay is = 1,600
8,500 x 8.1% (0.081) = 688.5
12,100 x 9% (0.09) = 1,089
(688.5 + 1,089 + 1600) = 3,377.5
Answer is $3,377.5
17,600 - 9,100 = 8,500 < The amount to be commissioned under 17,600
29,700 - 17,600 = 12,100 < The amount to be commissioned over 17,600
The base pay is = 1,600
8,500 x 8.1% (0.081) = 688.5
12,100 x 9% (0.09) = 1,089
(688.5 + 1,089 + 1600) = 3,377.5
Answer is $3,377.5
1 answer