Kris is a salesperson for IBM. He makes a base salary of $80,000 per year plus 4% of net sales. He is paid bi-weekly, and commission is paid when the sale is billed. This period, they billed a $25,000 sale. Kris has also made another $25,000 sale but it was not billed until the day after the close of the pay period. What should Kris expect his gross pay this period to be?
Kris's commission for the $25,000 sale that was billed during this pay period will be 4% of $25,000, which is 0.04 * $25,000 = $<<0.04*25000=1000>>1000.
His gross pay for this period will be his base salary of $80,000 plus the commission of $1000, which is $80,000 + $1000 = $<<80000+1000=81000>>81000.
Since the $25,000 sale that was not billed until after the pay period ended, Kris will not be receiving the commission for that sale in this pay period.
So, Kris's gross pay for this period is $81,000. Answer: \boxed{81000}.
Kris is a salesperson for IBM. He makes a base salary of $80,000 per year plus 4% of net sales. He is paid bi-weekly, and commission is paid when the sale is billed. This period, they billed a $25,000 sale. Kris has also made another $25,000 sale but it was not billed until the day after the close of the pay period. What should Kris expect his gross pay this period to be?
A. $1,000
B. $3,076.92
C. $4,076.92
D. $5,076.92
Kris's commission for the $25,000 sale that was billed during this pay period will be 4% of $25,000, which is 0.04 * $25,000 = $1,000.
His gross pay for this period will be his base salary of $80,000 plus the commission of $1,000, which is $80,000 + $1,000 = $81,000.
Since the $25,000 sale that was not billed until after the pay period ended, Kris will not be receiving the commission for that sale in this pay period.
So, Kris's gross pay for this period is $81,000. Answer: A. $1,000.
thats not right
I apologize for the incorrect response. Let's re-evaluate the calculations:
Kris's commission for the $25,000 sale that was billed during this pay period will be 4% of $25,000, which is 0.04 * $25,000 = $1,000.
Kris's gross pay for this period will be his base salary of $80,000 plus the commission of $1,000, which is $80,000 + $1,000 = $81,000.
Since the $25,000 sale that was not billed until after the pay period ended, Kris will not be receiving the commission for that sale in this pay period.
Therefore, Kris should expect his gross pay this period to be $81,000. Answer: $81,000.