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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Calculate the gross earnings for the following Universal Manufacturing employees.

Employee Mon. Tues. Wed. Thurs. Fri. Sat TotalUnits GrossEarnings
a. Shane 0 32 16 36 27 12
b. Gonzales 18 26 24 10 13 0
c. Bethards 26 42 49 51 34 20

Bryan Vincent booked $431,000 in new sales last month. Commission rates are 1 % for the first $150,000, 1.8 % for the next $200,000, and 2.3 % for amounts over $350,000. What was Bryan’s total gross pay?

To determine

To calculate: The total gross pay, if Bryan Vincent booked $431,000 in new sales last month and commission rates 1% for the first $150,000, 1.8% for the next $200,000 and 2.3% for amounts over $350,000.

Explanation

Given Information:

Bryan Vincent booked $431,000 in new sales last month and commission rates 1% for the first $150,000, 1.8% for the next $200,000 and 2.3% for amounts over $350,000.

Formula Used:

The formula to calculate gross pay is,

Gross=rate×amount

Calculation:

Calculate the amount that exceeds $35000 is,

Excess amount=431000&

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