Paychecks

Front

What is the term for earnings of a salesperson based on the percentage of goods or services sold?

Back

Commission

Front

If Randy has a fixed salary of $2000 per month and earns a 2% commission on $30,000 in sales, what is his total salary for the month?

Back

$2,600

Front

How much does Jay earn in total if she makes $9 an hour and has a 12.5% commission on $380 worth of jewelry sold in an 8-hour shift?

Back

$119.50

Front

What is the monthly salary of an accountant who receives a yearly salary of $72,000?

Back

$6,000

Front

If a part-time receptionist earns $6.75 per hour and works 30 hours, how much will she earn?

Back

$202.50

Front

Define 'Salary'.

Back

A fixed regular payment, typically paid on a monthly or biweekly basis, made by an employer to an employee.

Front

Define 'Wages'.

Back

Payment made to workers, typically calculated on an hourly basis.

Front

What is 'Commission'?

Back

A fee paid to an employee based on the sales they generate.

Front

What is the formula to calculate total earnings when a fixed salary and commission are involved?

Back

Total Earnings = Fixed Salary + (Commission Rate * Total Sales)

Front

How do you calculate the hourly wage from an annual salary?

Back

Hourly Wage = Annual Salary / (Number of Weeks in a Year * Hours Worked per Week)