Will Grey is a salaried salesperson with a bonus incentive plan for sales above his quota. His
Question:
Will Grey is a salaried salesperson with a bonus incentive plan for sales above his quota. His quota for sales is $1,000,000 per year. He earns 4% on all sales above this quota. His yearly sales are $2,000,000, with a base salary of $75,000 per year. Calculate his total annual earnings?
2. What would the commission be for $36,300 for the pay structure below?
Sales % Commission
$0 - $15,000 No commission (0%)
$15,001 - $25,000 0.90%
$25,001 - up 1.10%
3. Nicole is a quarterly remitter. She pays employees in January, February, and March. January's first pay includes wages for part of December
When should CRA receive her remittance by?
4. Yasmine is a regular remitter. On January 1, she paid an employee for December of last year. When should CRA receive her remittance by?
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey