Find the gross earnings. Total sales: $2561 Returns and Allowances: $229 Rate of

Question

Find the gross earnings. Total sales: $2561 Returns and Allowances: $229 Rate of commission: 16%. $409.76 $446.40 $180.76 $373.12 Motorville Auto Parts pays salespeople as follows: $488 per week plus a commission of 1.1% on sales above $15,000 through $25,000 with 1.4% paid on sales in excess of $25,000. Find the gross earnings of the salesperson. (No commission is paid on the first $15,000 of sales.) Employee Total Sales Limon, B. $30, 100 $669.40 $1312.00 $654.10 $181.40 Find the Social Security and Medicare taxes on the gross earnings. Assume a 6.2% FICA rate and a 1.45% Medicare rate. Round to the nearest cent. $454.00 $2.81, $0.66 $28.15, $6.58 $281.48, $65.83 $29.15, $7.58 Find the amount of the sale before sales tax was added. Round to the nearest cent. Total Sale: $16, 182.94 Sales Tax Rate: 4% $11, 559.24 $15, 412.32 $15, 711.59 $15, 560.52 Find the adjusted gross income. Curt had income from these sources: $18, 207 from his job, $58 in interest, and $216 in dividends. He paid $3531 in alimony. $14, 892 $18, 481 $22, 012 $14, 950 Please show the solutions.

Explanation / Answer

Sol.1 : Since total sales is2561

and allowances & returns is 229. So Total benefit of the shop is 2561-229=2332

And salesman get 16% as his cut. So he'll get =2332*0.16=373.12

Sol.2 : His normal earning =488

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