Lito gets a weekly salary of P4,235 per week plus a commission of 5.5% on sales. What are his total earnings in a week in which his sales are the following? P1,000 E UF 3. a. SPRADE b. P4,500 C. P17,384
Q: 3. Jane receives a basic pay of P9,880.00 a month and a 2% commission on her sales. She sold…
A: 3. Basic Pay = P9,880 Gross Earnings = P105,000 x 2% + P9880 = P11,980 Deductions: SSS = 4% X P9880…
Q: During the last month, Salma's and Amira's sales were OMR 29,000 and OMR 18,000 respectively. How…
A: Sales commission is paid to employee as an incentive for better performance In general entities…
Q: 4. Paolo is a sales manager receiving a monthly salary of Php 240 000.00, a commission of 7% on his…
A: Paolo is a sales manager receiving a monthly salary of php 240,000 Commission is 7% Transportation…
Q: basic
A: Gross earnings= basic salary plus 2% commission on sales
Q: Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 15% of any income, before…
A: A bonus is monetary recompense that exceeds the recipient's usual payment expectations. Bonuses can…
Q: Mrs. Camelia owns a cake business and employs five employees at a monthly salary of RM2,000 per…
A:
Q: An appliance company has three installers. Larry earns $325 per week, Curly earns $470 per week, and…
A: Given that, Larry earns $325 per week Curly earns $470 per week Moe earns $575 per week The…
Q: Use the information for the next four (4) questions. QWERTY Company has an agreement to pay the…
A: Income after tax before bonus = Income before bonus and before tax x (1-0.30) = P7,875,000 x 0.70 =…
Q: Juan earns the basic salary of P44,000 a month. His daily compensation rate is P2,000. For the…
A: Vacation leave with pay means that the employee can take a pre-fixed number of vacation leave days…
Q: Benz work
A: In this question, we have to calculate the latter’s compensation income it is a taxable income…
Q: ABC Company has an agreement to pay its sales manager a bonus of 5% of the income after bonus and…
A: ANSWER INTRODUCTION HERE IN THIS QUESTION BONUS PAID TO SALES MANAGER IS 5% OF THE INCOME AFTER…
Q: Yel Co. has a bonus agreement which provides that the general manger shall receive an annual bonus…
A: Solution.. Manager bonus = P280,000 Manager bonus = 10% of income after bonus and tax
Q: 1. David is paid a monthly salary of P12,000 and earns a commission of 4% in sales. If he sold a…
A: As you have asked multiple questions, we will solve the first question as per policy. Request you to…
Q: JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amount to…
A: Gross pay of the employees means amount of earnings gained by the employee either on the basis of…
Q: gross earnings per pay period
A: Salary for a year (A) $68,000 Number of weeks in a year (B) 52 Gross earnings per week (C = A/B)…
Q: A man earns a salary of $114,764 annually and is paid biweekly. How much is his gross biweekly…
A: Formula: Gross biweekly income = Annual salary / Number of bi week Division of annual salary with…
Q: Nature Company has an agreement to pay each sales manager a bonus of 5% of the entity's earnings and…
A: Calculation of Total Bonus of both Sales Personnel Number of Sales Manager = 2 Number of Sales…
Q: 4. Miguel receives a basic salary of P13,750 a month. He also receives a bonus of 5% of the amount…
A: Earnings is the total amount earned by the individual in the particular period. It can be in the…
Q: 1. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amount…
A: "As per bartleby guidelines we will solve the first question for you. If you want any specific…
Q: Natural Company has an agreement to pay the sales manager a bonus of 10% of the entity's earnings.…
A: The bonus can be paid to manager on different conditions as before bonus or after bonus.
Q: A. Ferrero Company has an agreement to pay its sales manager a bonus of 10% of the income after…
A: Let assume the income after bonus and tax = X Then the manager bonus will be = X * 0.10 = 0.1X The…
Q: Jill Hartman earns $750 per week plus 3% of sales in excess of $6,500. If Jill sells $25,000 in the…
A: An earnings of the company are defined as an net income after the tax. The bottom line of the…
Q: Sange earns a salary of $48,200 per year and is paid on a bi-weekly basis he also earns a 2%…
A: Given the following information: Sange earns a salary of $48,200 per year He is paid on a bi-weekly…
Q: ANNUAL MONTHLY BI-WEEKLY WEEKLY ΕMPLOYEES SALARY SALARY SALARY SALARY A P66,500.00 B P14,000.00…
A: Given information Annual salary of A = 66,500 Monthly salary of B = 14,000 Weekly salary of C =…
Q: Humaid is paid a 7% commission on all sales. He sold goods worth RO 15,000 in a month. What is his…
A: Gross pay is the money that a person received without making any deductions.
Q: Sange earns a salary of $48,200 per year and is paid on a bi-weekly basis he also earns a 2%…
A: The answer of above question is given below:
Q: Jason Jefferies earned $10,200 while working for Brown Company. The company's SUTA tax rate is 2.9%…
A: Given: SUTA rate = 2.9% Payroll = $7,000
Q: 3. Janet works on a pay schedule of P21,300 per month plus a 3% commission on all sales. If she sold…
A: Commission = Sales×3%
Q: ABC Co. distributes annual bonus to its sales manager. The company reported P2 million profit for…
A: The net income after tax is calculated as follows: Net income after tax = Net income before income…
Q: Use the information for the next four (4) questions. XYZ Company has an agreement to pay the sales…
A: Bonus: Bonus is a share of profit that is given by the employer to his employee to the judgment of…
Q: A salesman earns P2,500 on the 1st month, P2,800 on the 2nd month, P3,100 on the 3rd month and so…
A: Since you have posted a multiple question then we will be solving the first question only as per the…
Q: The chief executive officer earns $10,120 per month. As of May 31, her gross pay was $50,600. The…
A: please like the answer your response matters Answer: Gross Annual income = $ 10,020 x 12 = $…
Q: Mrs. Camelia owns a cake business and employs five employees at a monthly salary of RM2,000 per…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: A man is paid on a salary-plus-commission basis. He receives $275 weekly in salary and a commission…
A: Given information Weekly salary = $275 Commission = 5% over Sales of $2020 Weekly sales = $7825
Q: Nature Company has an agreement to pay each sales manager a bonus of 5% of the entity's earnings and…
A: A bonus is a monetary remuneration that is far in excess of the ordinary installment assumptions for…
Q: Use the information for the next four (4) questions.ZXCVBNM Company has an agreement to pay the…
A: Income after tax = Income before bonus and before tax x (1-0.30) = P7,875,000 x 0.70 = P5,512,500
Q: Nick Billups is paid a salary of $900 a month, a 2% commission on all sales, and 1.8% more on…
A: JUNE SALES = $48,500 SALARY FOR JUNE = $900 COMMISSION CALCULATION ( A ) 2% ON ALL SALES = 2% X…
Q: 5. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of…
A: Total compensation is the total amount which an employee receives from his or her employer during…
Q: 6. Roman Zapata sells electrical fixtures for The Lighting Center. He is guaranteed a salary of $560…
A: Roman Zapata's salary will be decided by comparing his guaranteed salary and salary on the basis of…
Q: A sales engineer of a lubricant comрany receives Ρhр 14,580.00 every month. A 9.5 % commission on…
A: Total income of sales engineer includes salary and commission on sales. The sales target is Php…
Q: a Company has an agreement to pay its sales manager a bonus of 5% of income a ter tax. The income…
A: The amount of current liability for bonus = amount of bonus due to the sales manager for the year…
Q: Lauren's gross pay for July was $3188.35 on net sales totalling $88,630. If her base salary is $1000…
A: Commission in July for Lauren = $3188.35 - $1000 = $2188.35 Net Sales in July = $88630 Lauren get…
Q: Ben is paid a monthly salary of 41,500 pesos and has a monthly quota of 75,000 pesos. His sales for…
A: Here in this question, we are required to calculate gross total income. Gross total income for a…
Q: Use the information for the next four (4) questions. Lalala Company has an agreement to pay the…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Lucy makes a salary of $38,985 per year. She also makes a commission of 6% in total sales. Lucy's is…
A: The answer for above question is given below:
Q: A. Ronel is a broker who earns a commission of 3½% of all securities sales that he makes. For the…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: hour, with Mr. Juan, an employee, has a pay rate of P125 time and a half for hours worked in excess…
A: Net Pay = Gross Salary - SSS Deduction - PhilHealth - Pag-IBIG - Withholding Tax
Q: Robin Hartman earns $554 per week plus 3% of sales over $6,500. Robin's week sales are $14,100. How…
A:
Step by step
Solved in 2 steps
- Mikoy is a firm engineer receiving a basic monthly salary of 45,000.00 and commission on al sales of 2% Compute for his gross earnings for the month if he sold 1,500,000.00An appliance company has three installers. Larry earns $345 per week, Curly earns $480 per week, and Moe earns $575 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.0% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's earnings. a.) How much SUTA and FUTA tax (in $) does the company owe for the first quarter of the year? b.) How much SUTA and FUTA tax (in$) does the company owe for the second quarter fo the year?1.Jill is paid a yearly salary of $90,000. How does she make per month? 2. A salesman is paid a 6% commission on his net sales. Find his gross wages for the past month if his gross sales totaled $91,568 and he had $5,568 of returns and allowances. 3. A salesman receives a salary of $500 per week plus an 8% commission on all sales in excess of $1,800. What were his wages last week, if gross sales totaled $18,714 and returns were $5,714? Group of answer choices A.$1,481.12 B.$1,981.12 C.$1,040 D.$1,396 4. An auctioneer earns a commission on the total value of the property he sells. If he earns $2,700 on the sale of $18,000 worth of property, at what percentage rate is he paid? Group of answer choices A.0.15% B.15% C.1.5% D.1 1/2% 5. A computer programmer, who is covered by the Fair Labor Standards Act, is paid a salary of $1,260 a week for a normal work week of 35 hours. If she works 42 hours in a week, her gross pay for the week would be Group…
- A. Ferrero Company has an agreement to pay its sales manager a bonus of 10% of the income after bonus and tax.The income for the year before bonus and tax is P5,250,000. The income tax rate is 20% of income after bonus. 1. What is the bonus for the year?A saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for the month over Ρhр 25,000.00. At the end of the current month she sold Ρhр 42,856.00. What is the amount of her commission? What is her total gross рay for the month?You are paid a base weekly salary of $362 and earn 6.5% commission on your sales at a furniture store. What is your total earnings for the year if you achieved a total sales of $231, 611.60?
- Nature Company has an agreement to pay each sales manager a bonus of 5% of the entity's earnings and each sales personnel 2%. Nature has one sales manager and two sales personnel. The income for the year before bonus and tax is P5,250,000. The income tax rate is 30% of income after bonus. The bonus is based on net income before bonus but after tax. How much is the bonus of each sales personnel? (round the final answer to the nearest whole number)A sale's man has a fixed salary of birr 200 a week in addition, he receives a sales commission that is 20%of his total volume of sales. State the relationship between the sales Man's total weekly salary and his sales for the weekAn appliance company has three installers. Larry earns $395 per week, Curly earns $440 per week, and Moe earns $575 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.0% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's earnings. (a) How much SUTA and FUTA tax (in $) does the company owe for the first quarter of the year? total SUTA tax$ total FUTA tax$ (b) How much SUTA and FUTA tax (in $) does the company owe for the second quarter of the year? total SUTA tax$ total FUTA tax$
- An appliance company has three installers. Larry earns $375 per week, Curly earns $490 per week, and Moe earns $575 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.0% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's earnings.(a)How much SUTA and FUTA tax (in $) does the company owe for the first quarter of the year?total SUTA tax $ total FUTA tax $ (b)How much SUTA and FUTA tax (in $) does the company owe for the second quarter of the year?total SUTA tax $ total FUTA tax $Pepa Company has an agreement to pay its sales manager a bonus of 5% of the income after bonus and after tax. The income for the year before bonus and tax is P5,250,000. The income tax rate is 30%. What is the bonus for the year?Phillippe is an inside salesperson who earns a base annual salary of 24,600 plus 5% commission on total sales that he makes during the pay period. During a semimonthly period, he made $20,000 in sales. What Phillippe's gross pay for the period.