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Suppose your base salary is $47, 500. You earn a 6% commission each month on all sales over $50, 000 and an additional 4% bonus
Suppose your base salary is $47, 500. You earn a 6% commission each month on all sales over $50, 000 and an additional 4% bonus on sales over $75, 000 each month. You pay 5% payroll tax on all income. In the past year, you had $60, 000 in sales 5 months, $79, 000 in sales 3months, $84, 000 in sales 3months, and $122, 000 in sales 1month. How much would you pay in payroll tax
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