Sebastian sells cars for a living. Each month, he earns $1,400.00$1,400.00 of base pay, plus 11.3%11.3% of commission from his sales. One month, Sebastian made $44,400.00$44,400.00 in sales. How much income did he earn in total in that month
Q: 1. James works as a salesman in Octagon Blitz, a computer, gaming, and multimedia store. Last month,…
A: The sales commission is based on the sales revenue earned during the period.
Q: Jasper Hall sells farm chemicals. He is paid a commission of 9% of his first $6,000 in sales during…
A: The total commission earned can be calculated as per the given structure. He will earn a commission…
Q: Raffy receives Php 12,000 a month corresponding to a sales of Php 20,000 worth of goods.…
A: Solution Given terms Raffy receives Php 12,000 a month corresponding to a sales of Php 20,000 worth…
Q: Jin Mai is in her second year at col housemates each pay one third of the utility bill, cable…
A: Total expenses refer to the sum of all gross cash expenditures plus any pending subsidiary items,…
Q: 1. Sonny works as a furniture salesman and earns a base salary of P1,550 per week plus 6% commission…
A: Hi student Since there are multiple questions, we will answer only first question. Gross earnings of…
Q: Lauren is paid a 6% commission on total sales she sold 2 houses this week for $285,900 and $320,700…
A: FICA taxes means taxes payable under Federal Insurance Contributions Act. The rate of tax is 6.2%…
Q: Manuel is paid $205 each day he guides tourists on camping trips in the Grand Canyon. What amount…
A: Formula: Total earnings = Number of days worked x Per day amount. Multiplying per day amount with…
Q: Andres is an operator of taxi cabs. During a particular month, he purchased from Toyota, a VAT…
A: SOLUTION WORKING NOTE- THOUGH HE IS SUBJECT TO OPT, BECAUSE HE IS A TAXI OPERATOR, HE IS STILL…
Q: Carl’s house payment is $2,574 per month and his car payment is $871 per month. If Carl's take-home…
A: House Payment to income ratio is the ratio which calculates the amount spend from your monthly…
Q: 1. David is paid a monthly salary of P12,000 and earns a commission of 4% in sales. If he sold a…
A: As you have asked multiple questions, we will solve the first question as per policy. Request you to…
Q: Ed and Marta are paid $2,460 after taxes every month. Monthly expenses include $834 on housing and…
A: Savings ratio shows the proportion/ratio of savings to the respective income.
Q: Shashi Rimoko earns $620 per week as a chef. He has group medical and dental insurance. Medical…
A: Insurance costs are the costs of getting coverage against risks. While a portion of the costs are…
Q: 2. Rona works for a company that pays him a basic monthly salary of 120 000 plus 6.5% commission on…
A: Lets understand the basics. For calculating gross pay, we need to use below formula. Gross pay =…
Q: Ed and Marta are paid $4,130 after taxes every month. Monthly expenses include $1,397 on housing…
A: The monthly savings would be computed by deducting the monthly expenses from the monthly after-tax…
Q: n has an internet business selling paint sets. After an initial website fee each week, she makes…
A: The cost equation is a linear equation that takes into consideration total fixed costs and variable…
Q: Shanice owns a food delivery business. She picks up meals from restaurants and delivers them to his…
A: In order to determine the accounting profit, all the expenses are required to be deducted from the…
Q: Mary pays 503 for a booth rental and 322 salary for a worker during an event to sell novelty items…
A: Break even point refers to the level of revenue at which the firm earns no profits or incurs no…
Q: Seiko's current salary is $98,500. Her marginal tax rate is 32% and she fancies European sports…
A: After tax cost to company is calculated by applying the corporate tax rate on the salaries expense…
Q: Jerry works as a lifeguard where he makes $9 an hour and does a private lesson for $25 each week.…
A: Part 1: Gross pay=$9x+$25y=9x+25
Q: Jennifer took clothes to the cleaners three times last month. First, she brought 3 shirts and 1 pair…
A: The answer states the computation of price of shirt slack and coat
Q: Jackson pays $2200 Mortgage Payment, $400 Property tax, $250 Maintenance fees, $100 Heating, $200…
A: GDS or Gross Debt Service is a metrics used by lender to assess the proportion of housing debt that…
Q: As the owner of a copy and print shop, you must collect 6 ½ % of the amount of each sale for sales…
A: Sale = 48,680 Sales tax rate = 6.50%
Q: Ryan, an agent, was able to sell Mikoy Frozen Products worth 50,000.00. Given her commission of 10%.…
A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…
Q: Ed and Marta are paid $2,440 after taxes every month. Monthly expenses include $860 on housing and…
A: Savings ratio shows the proportion/ratio of savings to the respective income.
Q: susan sells jewelry. She gets a monthly salary plus commission on her sales. Her monthly salary is…
A: The salary may be partially fixed and partially variable depending on sales. The sales commission…
Q: Mack and Gail are in the electronic and computer retail business and each of them for different…
A: Given, Mack weekly earnings = $880 Commission on sales = 8% Gail weekly earnings = $960 Commission…
Q: A salesman earns a salary of $2000 per month plus 4% of all sales he make. The salesman make $25000…
A: Formula: Total Income = Salary + Bonus Sum of both salary and bonus derives the total income per…
Q: Westover Motors is a small car dealership. On average, it sells a car for $32,000, which it…
A: Q1. Calculate break-even in units: Break-even in units = Fixed costs / contribution margin per unit…
Q: 1. Gabriel works on a commission basis and receives 3.8% on his monthly sales for ST. Peter Life…
A: Dear student as you have asked multiple different questions ,and as per guidelines we will solve…
Q: Manuel is paid $185 each day he guides tourists on camping trips in the Grand Canyon. what amount…
A: Total earning will be the amount which I earned by calculating as per specified norms.
Q: Beth's living expenses for the next 4 weeks total $1600. If Beth earns the same commission plus…
A: Sales commission: Sales commission refers to the additional compensation which employee receives for…
Q: Schrute Farm Sales buys portable generators for $460 and sells them for $740. He pays a sales…
A: Income StatementIncome Statement or profit & loss account is one of the financial statements of…
Q: Henry is a college student currently working 25 hours a week at his part- time job. If Henry gets…
A: Working hours per week = 25 hours Payment per hour = $15 Number of weeks per month = 4 weeks Number…
Q: Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $530,000 and…
A: EBIT = Sales - total operating expenses Operating expenses will include all expenses except interest…
Q: Jeremy worked at a bank with a monthly salary of $1,500. He decided to quit his job and open a…
A: Monthly total revenue denotes the value of sales made by the company during a month. Account profit…
Q: Ryan works at the donut shop where he makes $10.25 per hour. He also works part time at the school…
A: Given, Rate of Donut Shop = $10.25 per hour Rate of Book Store = $8.75 per hour Let the number of…
Q: Bob Farrell works for a company that manufactures small appliances. Bob is paid $2.00 for each…
A: Weekly gross earning = Pay for toaster + Pay for microwave oven + Pay for Blender
Q: Ahmed receives 22% commission on the appliances he sells. He sells a kettle for 2000 taka, a food…
A: Basic Salary = 34,000 Commission = 22% Sales = Kettle sales + Food Processor Sales + Oven Sales…
Q: Santos has a poultry farm in General Santos City. Every week, he earns 593,840 for chicen and…
A: In a week, He earns from chicen = 593,840 He earns from eggs = 726,195 Total savings = 359
Q: 18. Jennifer owns a small business that has weekly sales of P55,000.00 every week. The cost of goods…
A: Income statement: It refers to a financial statement that presents all the income earned by the…
Q: Terry is a salesman who has a monthly salary of 25,000 pesos. His total sales for the month amount…
A: a. GROSS INCOME for the month = monthly salary + total sales x 4% = 25,000 pesos + 170,000 pesos x…
Q: Jay woks as a salesman for a software company. This month, his sales amount to 450,000 pesos. How…
A: Solution a: Sales commissions = P450,000 * 11% = P49,500
Q: Ann earns a salary of 150 RO a week and a commission of 7 % on sales. If Ann's sales for one week…
A: Total weekly earnings = weekly salary + weely commission
Q: Freddy runs a business selling clocks. He buys 614 clocks for $44 each (including GST) and sells for…
A: Australian GST The GST Rate in Australia is 10% Goods and services tax (GST) is a tax of 10% on most…
Q: sales. He sold goods worth RO 15,000 in a month. What is his gross pay if he takes a draw of RO 500?…
A: Ans. In case a person takes a draw from his gross pay then from the amount which is due to him, the…
Q: Mr. John Villamin wanted to sell cupcakes to his friends. He spends Php 22.50 per cupcake with…
A: Markup is the spread or the difference between selling price of a product and its costs. It is…
Q: Garth Grits works as an employee at Superior Foods, a local supermarket. As an employee, Garth…
A: Given that, Garth earns $17 per hour and works 200 hours per month. Garth currently supplements his…
Sebastian sells cars for a living. Each month, he earns $1,400.00$1,400.00 of base pay, plus 11.3%11.3% of commission from his sales.
One month, Sebastian made $44,400.00$44,400.00 in sales. How much income did he earn in total in that month?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Accounting Henry makes $13.67/hr. at his job and he normally works 43 hours per week. His expenses each month are $940/month for rent, $529.26/month for utilities, and $410/month for food and clothing. He wants to buy a car, but the payments are $382.74/month. If Henry pays 15% of his income to taxes and insurance, can he afford this new car? Give your answer as the amount of money left after the car payment is added or give a negative number of the money he earns is not enough. Assume a month is 4 weeks. Round to the nearest cent.Carl’s house payment is $1,270 per month and his car payment is $465 per month. If Carl's take-home pay is $4,200 per month, what percentage does Carl spend on his home and car? (Enter your answer as a percent rounded to 2 decimal places.)Carl’s house payment is $2,574 per month and his car payment is $871 per month. If Carl's take-home pay is $5,200 per month, what percentage does Carl spend on his home? (Enter your answer as a percent rounded to 1 decimal place.)
- George runs a coffee shop. His total sales are $107,758 per month. He has the following monthly expenses: rent is $5,140 wage expense is $21,076 material supplies are $10,545. George owns the building where he has his coffee shop. He could rent this space for $11,766 per month. If George only cares about earning the maximum income possible, what is the minimum monthly salary he would have to earn at his next best employment opportunity to get him to close his coffee shop? Enter a whole number with no dollar sign.Tyler's brother earns a commission. He makes 4.5% of the amount he sells. Last week, he sold $700 worth of shoes. How much was his commission?George earns $900 per week working at an amusement park. What is his gross monthly (4 weeks in 1month) income?_______________ If he pays $209 in taxes, what is his net income?______________________
- susan sells jewelry. She gets a monthly salary plus commission on her sales. Her monthly salary is $680 and her commission rate is 7%. her sales for the month were 7,800 what is the monthly pay ?Ona is an automobile salesperson who receives a salary of $1,500 per week plus a commission of 3% on all sales. Durin a four-week period, Ona sold $42,000worth of cars. What was Ona's earnings?Irish paid a monthly salary of 15,000.00 and earn a commission of 3% in sales. If she sold a monthly amount of 150,000.00 during the month, how much is his gross pay?
- Stella sells shoes for a retail store and receives wages of $1875 per month plus 4% commission on all her sales. What were her sales in a month in which she received a total pay of $1953 ?Felix is paid $5,688 per month. He is single and claims two allowances. So far this year he has earned $142,694. What is his net pay for this month? 3. Karl has earned $98,557 so far this year. He is married, claims no allowances, and is paid $3,943 weekly. What is his net pay for the next week? 4. John McDonald is employed by Lee & Sterling. He is married, claims two withholding allowances, and earns $16.97 per hour. He has also chosen to have his union dues ($405 annually) and medical insurance ($5,500 per year, of which his employer pays 70%) deducted from his weekly paycheck. His cumulative gross earnings prior to this paycheck were $7,858.26. This week he worked 49 hours and 45 minutes. The union contract states that time-and-a-half is paid for all hours worked over 38 hours per week. Find all of John McDonald's deductions for this pay period given the information above. Then find John McDonald's net pay for this week.Carl’s house payment is $1,750 per month and his car payment is $393 per month. If Carl's take-home pay is $3,800 per month, what percentage does Carl spend on his home and car? Note: I am not sure how to enter the answer as a percent rounded to 2 decimal places.