I need help I've been trying to solve this problem for 3 days and still no results. I know how to solve the problem when the level starts from 1-17600 but what do i do if it is starting from 9100-17600 what do i subtract from to get the correct answer?
The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,600.00 plus an incremental commission based on the table below. If Sally sells $29,700.00, what is her total gross pay for the month?
Level Sales Volume Commission Rate
1 9,100-17,600 8.1%
2 Over 17,600 9%
PsyDags formula is incorrect. $1600.00 plus (($17,600-$9100)*.081 + (($29700-$17,600)*.09)=? In this problem, Sally does NOT get commissions on sales less than $9,100! Her base salary covers sales up to that amount!
MathFreak is right. There's no commission below $9,100 as the range to get commission of 8.1% is from $9,100 up to $17600.
PsyDAG and Ashley are wrong. "?"
So there is no commission under $9,100 so you cannot include that money. There for equation goes as such:
17,600 - 9,100 = 8,500 < The amount to be commissioned under 17,600
29,700 - 17,600 = 12,100 < The amount to be commissioned over 17,600
The base pay is = 1,600
8,500 x 8.1% (0.081) = 688.5
12,100 x 9% (0.09) = 1,089
(688.5 + 1,089 + 1600) = 3,377.5
Answer is $3,377.5
The weekly payroll of Abkar Hardware includes 19 employees who earn $280.00. How much is the employer's share of total social security and Medicare taxes for the first quarter of the year?
To calculate Sally's total gross pay for the month, you need to determine her commission based on the sales volume she achieved.
For levels 1 and 2, you have the commission rates and the corresponding sales volumes. However, the sales volume you mentioned (9,100-17,600) falls within the range of level 1.
To find the commission for the sales volume $29,700.00, you need to find the difference between $29,700.00 and the starting sales volume of level 1, which is 9,100.
To do this, subtract 9,100 from 29,700:
29,700 - 9,100 = 20,600
Now that you have the difference, you can calculate the commission:
Commission = Difference × Commission Rate
The commission rate for level 1 is 8.1%, so you multiply the difference by 0.081:
Commission = 20,600 × 0.081
Calculate the commission by multiplying the two numbers:
Commission = $1,668.60
Sally's total gross pay for the month will be her monthly salary ($1,600.00) plus the commission she earned ($1,668.60):
Total Gross Pay = $1,600.00 + $1,668.60
Total Gross Pay = $3,268.60
Therefore, Sally's total gross pay for the month will be $3,268.60.
1600 + 17600*.081 + (29700-17600)*.09 = ?
17600*.081=1425.60
12100*.09=1089
1425.60+1089+1600=4114.60