Question

you are a sales rep and you make 5% commission on all sales. you typically have 100,000 in sales each month. you have a retirement plan that takes 8% of your pay and you receive 0 paid vacation or sick days

Answer 1

Answer: If you’re looking for the left over amount of money after 8% is taken out it would be 4,600.

Explanation:

100,000(Sales)*.05(Commission) =5000

5000(Earnings)*.08(Retirement)=400(Monthly Retirement Fee)

5000(Earnings)-400(Retirement Fee) =4,600