Question 6.2.7: Maureen O’Connor sells food and bakery products to businesse......
Maureen O’Connor sells food and bakery products to businesses such as Starbucks and is paid as follows based on monthly sales.
Find O’Connor’s earnings if she has sales of $32,768 during a two-week interval.
| Sales | Rate |
| Up to $10,000 | 6% |
| $10,001–$20,000 | 8% |
| $20,001 and up | 9% |
Step-by-Step
CASE IN POINT
\begin{matrix} \$32,768 & \mathbf{\leftarrow total sales} & \\ \underline{ -10,000} & \mathbf{\leftarrow first \$10,000 \rightarrow} & \$10,000 at 6\% & = \$600.00 \\ \$22,768 & & \\\underline{-10,000}& \mathbf{ \leftarrow\ next\ \$10,000 \rightarrow} & \$10,000 at 8\% & = \$800.00 \\ \$12,768 &\ \mathbf{\leftarrow\ over \$10,000 \rightarrow } &\underline{\$12,768} at 9\% & = \underline{\$1149.12} \\ & & ~~~~~~~~~~~\mathbf{\$32,768 total sales} & \mathbf{~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\$2549.12 total commission} \end{matrix}
Related Answered Questions
Question: 6.4.4
Verified Answer:
Step 1 The amount of one withholding allowance mon...
Question: 6.3.3
Verified Answer:
Social Security tax = $53,820 × 12.4% = $53,820 ×...
Question: 6.4.5
Verified Answer:
One withholding allowance for semimonthly is $168....
Question: 6.4.3
Verified Answer:
CASE IN POINT
Step 1 From the table titled “Percen...
Question: 6.4.1
Verified Answer:
Use the table for single person, weekly payroll. T...
Question: 6.4.2
Verified Answer:
Use the table for married persons—monthly payroll ...
Question: 6.1.3
Verified Answer:
Kelly’s total hours are 40 + 12 = 52, and her over...
Question: 6.4.6
Verified Answer:
Michigan has a flat tax rate of 4.25%.
Tax = $4250...
Question: 6.3.2
Verified Answer:
The Social Security tax applies only to the first ...
Question: 6.2.2
Verified Answer:
\begin{matrix} \ \ \ 214 & \mathbf{\lef...