You are a sales rep and you make 5% commission on all sales. You typically have $100,000 in sales each month. You have a retirement plan that takes 8% of your pay and you receive 0 paid vacation or sick days. a. What is your monthly salary? b. What amount of your monthly salary goes to retirement? c. If you are out sick for two days this month, what is your net monthly salary?

You are a sales rep and you make 5% commission on all sales. You typically have $100,000 in sales each month. You have a retirement plan that takes 8% of your pay and you receive 0 paid vacation or sick days. a. What is your monthly salary? b. What amount of your monthly salary goes to retirement? c. If you are out sick for two days this month, what is your net monthly salary?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 32P

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