B Croft has a job as a car salesman. He is paid a basic salary of 200
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B Croft has a job as a car salesman. He is paid a basic salary of £200 per month, with a commission extra of 2% on the value of his car sales. During the month of April 20X6 he sells £30,000 worth of cars. The first £450 per month is free of income tax, on the next £50 he pays at the 20% rate and above that he pays at the 25% rate. He also pays National Insurance for the month of £66. Calculate his net pay for the month.
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To calculate B Crofts net pay for the month we need to consider his basic salary commission income ...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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