1) Define what it is to have commission earnings. 2) Discuss the implications of working strictly...

Transcribed Image Text:

1) Define what it is to have commission earnings. 2) Discuss the implications of working strictly on a commission basis. 3) Would you rather work on a straight commission basis or a salary plus commission basis? Why? 4) How do you calculate commission? 5) What jobs can you think of involve commission and what are their rates of commission? (Provide three examples) 6) A real estate agent earns 2.4% on the sale of a house priced at $89,950. Calculate the amount of the commission. 7) Sammy is a sales clerk in a bicycle shop. He's paid $11.25/hour for a 37.5 hour week, plus a commission of 6% of his sales for the week. In one week Sammy's sales were $2319.75. Calculate Sammy's total earnings for the week. 8) Calculate the weekly gross pay for each of the following workers: Name Kerry Saunders Mark Danover. Chris Mendel Ron Brintner Patrick McQuigley Nathan Norish Rebecca Linate 2. Net Pay and Deductions Weekly Sales $ 11050.00 10218.00 Commission. Rate % 1.5 1.5 13562.00 2 11877.00 2 14415.00 1.5 12970.00 1.5 9957.00 3 Weekly Salary S 250.00 255.00 275.00 230.00 195.00 225.00 225.00 Weekly Gross Pay Province: Manitoba (current year) 1) Elizabeth's weekly gross pay is $380.45. Her net claim code is 3. Her deductions are CPP, EI, and income tax. Using the CRA Tax Calculator (PDOC), calculate her net pay. 2) Use manual CPP and El calculations. State the weekly deductions for CPP and El according to the weekly income shown. a) $385.91 b) $401.75 c) $493.00 3) Jason earns $328 weekly as an assistant in a printing shop and has net claim code 2. Determine Jason's take-home pay if he has other deductions of $8.19 in addition to CPP, El, and income tax 4) Arnold works as an apprentice electrician and is paid $10.50/hour for a 37.5 hour week with overtime paid at time-and-one-half. His net claim code is 1, and his other deductions total $16.84. Calculate Arnold's take-home pay for a week in which he worked 43 hours. 1) Define what it is to have commission earnings. 2) Discuss the implications of working strictly on a commission basis. 3) Would you rather work on a straight commission basis or a salary plus commission basis? Why? 4) How do you calculate commission? 5) What jobs can you think of involve commission and what are their rates of commission? (Provide three examples) 6) A real estate agent earns 2.4% on the sale of a house priced at $89,950. Calculate the amount of the commission. 7) Sammy is a sales clerk in a bicycle shop. He's paid $11.25/hour for a 37.5 hour week, plus a commission of 6% of his sales for the week. In one week Sammy's sales were $2319.75. Calculate Sammy's total earnings for the week. 8) Calculate the weekly gross pay for each of the following workers: Name Kerry Saunders Mark Danover. Chris Mendel Ron Brintner Patrick McQuigley Nathan Norish Rebecca Linate 2. Net Pay and Deductions Weekly Sales $ 11050.00 10218.00 Commission. Rate % 1.5 1.5 13562.00 2 11877.00 2 14415.00 1.5 12970.00 1.5 9957.00 3 Weekly Salary S 250.00 255.00 275.00 230.00 195.00 225.00 225.00 Weekly Gross Pay Province: Manitoba (current year) 1) Elizabeth's weekly gross pay is $380.45. Her net claim code is 3. Her deductions are CPP, EI, and income tax. Using the CRA Tax Calculator (PDOC), calculate her net pay. 2) Use manual CPP and El calculations. State the weekly deductions for CPP and El according to the weekly income shown. a) $385.91 b) $401.75 c) $493.00 3) Jason earns $328 weekly as an assistant in a printing shop and has net claim code 2. Determine Jason's take-home pay if he has other deductions of $8.19 in addition to CPP, El, and income tax 4) Arnold works as an apprentice electrician and is paid $10.50/hour for a 37.5 hour week with overtime paid at time-and-one-half. His net claim code is 1, and his other deductions total $16.84. Calculate Arnold's take-home pay for a week in which he worked 43 hours.

Answer rating: 100% (QA)

ANSWER 1 Define what it is to have commission earnings Commission earnings refer to a compensation structure where an employee is paid a percentage of the sales they generate The amount earned is dire... View the full answer