a. Karen has been offered two similar positions at competing financial firms. One position pays an annual salary of $61 200. The other job guarantees a salary of $2000 per month plus a commission of 2% on all sales. The average monthly sales figure per employee is $120 000.
i. If Karen’s monthly sales reached $120 000, how much compensation would Karen receive per month?
ii. What level of monthly sales is necessary for Karen to consider either job?
b. Karen decides to accept the first position, so Sean takes her out to her favourite restaurant to celebrate. They spend $120 on food items and $27 on a bottle of wine. He also tips the waiter 15% of the combined cost of food items and wine, for good service. How much did he spend?
c. Sean is employed by the Upper Grand District School Board and is under contract for 200 teaching days per year. His annual salary is $63 000. He is paid according to the following schedule:
8% of annual salary on the first day of school
4% of annual salary for each of the 20 two-week pay periods
12% of annual salary at the end of the last pay period in June
i. What is Sean’s gross pay for the each pay period?
ii. What is his gross pay for a regular pay period in which he was away for two days at no pay?