Question
Note: Round interim calculations to two decimal places. Use rounded amounts in subsequent computations. Round the commission rate to three decimal places (e.g. 9.5% would
Note: Round interim calculations to two decimal places. Use rounded amounts in subsequent computations. Round the commission rate to three decimal places (e.g. 9.5% would be entered as .095).
Clint Dempsey, a soccer ball sales representative, earns an annual base salary of $90,000 with a quota of $705,000. If sales exceed the quota, a 6% commission on the sales in excess of that quota will be paid. For the current year, sales are $950,000. Base Salary = $
1 Commission Rate Enter to 3 decimal places=
2 Commission Pay = $
3 Gross Annual Earnings = $
4 Lucien Laurin, Secretariat's trainer, earns $16.15 per hour ,works a 40 hour week and has earned a time-trial bonus this week of $55.50. In addition, 7 hours of overtime were worked. Earnings = $
5 Overtime Rate $
6 Overtime Pay =
7 Gross Weekly Earnings = $
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