Taylor is a sales representative for a fencing company. He is paid an annual salary of $40,000 plus 6% commission on his sales total. During the past year Taylor sold had a sales total of $122,000. What was his total pay for the year?

Answer 1

To calculate Taylor's total pay for the year, we need to add his annual salary to the commission he earned from his sales.

1. Annual Salary: $40,000
2. Sales Total: $122,000
3. Commission Rate: 6%

First, let's calculate the commission:

\[ \text{Commission} = \text{Sales Total} \times \text{Commission Rate} = 122,000 \times 0.06 \]

Calculating the commission:

\[ \text{Commission} = 122,000 \times 0.06 = 7,320 \]

Now, we can add the commission to his annual salary to find the total pay:

\[ \text{Total Pay} = \text{Annual Salary} + \text{Commission} = 40,000 + 7,320 \]

Calculating the total pay:

\[ \text{Total Pay} = 40,000 + 7,320 = 47,320 \]

Therefore, Taylor's total pay for the year is $47,320.