Question
Bill Rose is a salesperson for Boxes, Incorporated. He believes his $1,460.47 monthly paycheck is in error. Bill earns a $1,400 salary per month plus
Bill Rose is a salesperson for Boxes, Incorporated. He believes his $1,460.47 monthly paycheck is in error. Bill earns a $1,400 salary per month plus a 9.5% commission on sales over $1,500. Last month, Bill had $8,250 in sales. Bill believes his traveling expenses are 16% of his weekly gross earnings before commissions. Monthly deductions include Social Security, $126.56; Medicare, $29.60; FIT, $189.50; union dues, $25.00; and health insurance, $16.99.
Calculate Bills monthly take-home pay, and indicate the amount his check was under- or overstated.
Round your answers to the nearest cent.
Monthly take home pay ?
check was ?
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