Question: This is literally the entire question, I cannot provide any more information than this. Employee ID First name Last name Job classification Jan Sales 1001

This is literally the entire question, I cannot provide any more information than this.

This is literally the entire question, I cannot provide any more informationthan this. Employee ID First name Last name Job classification Jan Sales

Employee ID First name Last name Job classification Jan Sales
1001 Mary Stevens Senior Sales Rep $ 85,000
1002 Larry Anderson Senior Sales Rep $ 72,000
1003 Sunil Gupta Junior Sales Rep $ 35,000
1004 Sarah Ellis Junior Sales Rep $ 61,500
1005 Timothy Chau Junior Sales Rep $ 48,000

Charisa Williams is the sales manager of an online financial data service company that specializes in providing brokerage independent financial analysts with up-to-date financial market data and analysis. She keeps track of the commissions of her her team in January. She expects the sales amount to increase by 5% each month for the senior sales representatives and 3% for the junior sales representatives. The base monthly salaries are $3,000 and $2,000 for senior and junior sales representatives, sales representative exceeds $100,000, he or she receives a 5% bonus on the commission of that month. The personal income tax rates are 15% for up to $1,999,22% for up to $4,999,27% for up to $9,999, and 30% for anything beyond $9,999. a. Modify the partially-completed spreadsheet model to help Charisa Williams compute the monthly incomes (both before- and aftertax) of her sales team members for the entire year. What is the team's total sales for the entire year? Note: Round your answer to 2 decimal places. b. What is the total of before-tax annual compensations of the entire sales team? What is the total for after-tax annual compensations of the entire sales team? Note: Round your answers to 2 decimal places. c. The firm is forecasting an economic recession this year; therefore, instead of a monthly increase in sales, the firm is projecting a monthly decrease in sales by 3% and 5% for the senior and junior sales representatives, respectively. What will be the total sales, total before-tax compensations, and total after-tax compensations for the entire sales team? Note: Round your answers to 2 decimal places. Charisa Williams is the sales manager of an online financial data service company that specializes in providing brokerage independent financial analysts with up-to-date financial market data and analysis. She keeps track of the commissions of her her team in January. She expects the sales amount to increase by 5% each month for the senior sales representatives and 3% for the junior sales representatives. The base monthly salaries are $3,000 and $2,000 for senior and junior sales representatives, sales representative exceeds $100,000, he or she receives a 5% bonus on the commission of that month. The personal income tax rates are 15% for up to $1,999,22% for up to $4,999,27% for up to $9,999, and 30% for anything beyond $9,999. a. Modify the partially-completed spreadsheet model to help Charisa Williams compute the monthly incomes (both before- and aftertax) of her sales team members for the entire year. What is the team's total sales for the entire year? Note: Round your answer to 2 decimal places. b. What is the total of before-tax annual compensations of the entire sales team? What is the total for after-tax annual compensations of the entire sales team? Note: Round your answers to 2 decimal places. c. The firm is forecasting an economic recession this year; therefore, instead of a monthly increase in sales, the firm is projecting a monthly decrease in sales by 3% and 5% for the senior and junior sales representatives, respectively. What will be the total sales, total before-tax compensations, and total after-tax compensations for the entire sales team? Note: Round your answers to 2 decimal places

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