Calculate commission amounts on sales

Assignment Help Accounting Basics

Reference no: EM132086114

Question: Wendy Epstein, a sales representative, earns an annual salary of $29,500 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 8.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10%. Her total sales for the past year were $295,000. Compute the following amounts:

a. The regular annual salary $

b. The commission $

c. The total annual earnings $

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b. Calculate commission amounts on sales multiplied by commission percentages.

c. Regular annual salary + commission = Total Annual earnings.

Reference no: EM132086114

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