Commission on portion of annual sales

Assignment Help Accounting Basics

Reference no: EM13156425

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 tha amount, she receives a commission of 10%. Her total sales for the past year were $295,000.

Compute:

a. The regular annual salary

b. The commission

c. The total annual earnings

Reference no: EM13156425

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