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Employee Finley, P. Monthly Salary $2,380 Commission Rate 2.5% Monthly Sales $64,000 Commission Gross Pay

Employee Finley, P. Monthly Salary $2,380 Commission Rate 2.5% Monthly Sales $64,000 Commission Gross Pay

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Compute commission and gross pay

**Employee Information** - **Employee:** Finley, P. - **Monthly Salary:** $2,380 - **Commission Rate:** 2.5% - **Monthly Sales:** $64,000 **Calculations Required** - **Commission:** _______ - **Gross Pay:** _______ **Description:** This section provides details for an educational demonstration on calculating commission and gross pay for an employee. The necessary information includes the employee's fixed monthly salary, the percentage commission rate they earn on sales, and the total sales made in a given month. Students can use this data to practice financial computations, such as calculating the exact commission earned and the gross pay, which includes both the salary and the commission.
Transcribed Image Text:**Employee Information** - **Employee:** Finley, P. - **Monthly Salary:** $2,380 - **Commission Rate:** 2.5% - **Monthly Sales:** $64,000 **Calculations Required** - **Commission:** _______ - **Gross Pay:** _______ **Description:** This section provides details for an educational demonstration on calculating commission and gross pay for an employee. The necessary information includes the employee's fixed monthly salary, the percentage commission rate they earn on sales, and the total sales made in a given month. Students can use this data to practice financial computations, such as calculating the exact commission earned and the gross pay, which includes both the salary and the commission.
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