columbia mirror and glass pays kim richardson a $1460 monthly salary plus a 14% commission on merchandise…

columbia mirror and glass pays kim richardson a $1460 monthly salary plus a 14% commission on merchandise she sells each month. assume kims sales were $88,400 for last month. calculate the following amounts: 1. amount of commission: $ 2. gross pay: $

columbia mirror and glass pays kim richardson a $1460 monthly salary plus a 14% commission on merchandise she sells each month. assume kims sales were $88,400 for last month. calculate the following amounts: 1. amount of commission: $ 2. gross pay: $

Answer

Explanation:

Step1: Calculate commission amount

Commission rate is 14% or 0.14, and sales is $8840. Commission = Commission rate×Sales. So, Commission = 0.14×8840. $0.14\times8840 = 1237.6$

Step2: Calculate gross pay

Gross pay is the sum of monthly salary and commission. Monthly salary is $1460 and commission is $1237.6. Gross pay = Monthly salary+Commission. So, Gross pay = 1460 + 1237.6. $1460+1237.6=2697.6$

Answer:

  1. $1237.6
  2. $2697.6