Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6F. Carrie is a financial planner and she earns a base monthly salary of $1,800. In addition, she earns 1.5% sales commission over the $30.000

image text in transcribed
6F. Carrie is a financial planner and she earns a base monthly salary of $1,800. In addition, she earns 1.5% sales commission over the $30.000 quota up to $70,000 and 290 on sales above $70,000. Her regular workweek is 40 hours. Any hours worked over 40 hours in a week are overtime and are paid at 1.5 times her regular base hourly rate. She is being paid on a biweekly basis. Round all dollar amounts to the nearest cent. a) Calculate Carrie's base hourly rate of pay. (2 marks) b) Calculate the amount of her next biweekly pay cheque in which her sales totaled 591,000 and worked 85 hours in the past two weeks. (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Theory And Practice

Authors: Prasanna Chandra

7th Edition

0070656657, 978-0070656659

More Books

Students also viewed these Finance questions