Question: Note: Round interim calculations to two decimal places. Use rounded amounts in subsequent computations. Round the commission rate to three decimal places (e.g. 9.5% would

Note: Round interim calculations to two decimal places. Use rounded amounts in subsequent computations. Round the commission rate to three decimal places (e.g. 9.5% would be entered as .095).

Clint Dempsey, a soccer ball sales representative, earns an annual base salary of $90,000 with a quota of $705,000. If sales exceed the quota, a 6% commission on the sales in excess of that quota will be paid. For the current year, sales are $950,000. Base Salary = $

1 Commission Rate Enter to 3 decimal places=

2 Commission Pay = $

3 Gross Annual Earnings = $

4 Lucien Laurin, Secretariat's trainer, earns $16.15 per hour ,works a 40 hour week and has earned a time-trial bonus this week of $55.50. In addition, 7 hours of overtime were worked. Earnings = $

5 Overtime Rate $

6 Overtime Pay =

7 Gross Weekly Earnings = $

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!