1. Julio is paid on a graduated commission scale of 5% on the first $20,000 of sales...
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1. Julio is paid on a graduated commission scale of 5% on the first $20,000 of sales in a month, 7.5% on the next $20,000, and 10% on all additional sales. | ||||||||||||
a. What is he paid for a month in which his sales are $54,880? | ||||||||||||
b. What single commission rate on all sales would result in the same earnings for the month? |
Related Book For
Fundamentals of Taxation 2015
ISBN: 9781259293092
8th edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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