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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!