Question: Compose your own math problems about Salaries wages with Commission and Income tax. Make ur own 5 problems with solutions. It depend to how long
Compose your own math problems about Salaries wages with Commission and Income tax. Make ur own 5 problems with solutions. It depend to how long or short the problem as long it is about salaries with Overtime.
- PROVIDE THE ANSWER AND ITS SOLUTION.
EXAMPLE : (SAMPLE ONLY!!)
A salesperson earns a base salary of $2,000 per month. She also earns a 10% commission on all sales. Last month, she sold $12,000 worth of products and was also given a $500 bonus. Her income tax rate is 20%. She wants to take home $3,000 after taxes. If her sales increase by $1,000, how much will she need to earn in total in order to take home $3,000 after taxes?
$3,000 / 0.80 = $3,750
$3,750 - $2,000 = $1,750
$1,750 / 0.10 = $17,500
$17,500 + $1,000 = $18,500
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