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  3. example 2-25 kate kline receives an annual $35,000

Example 2-25 Kate Kline receives an annual $35,000 base salary for working a certain territory....

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Accounting

Example 2-25 Kate Kline receives an annual $35,000 base salary for working a certain territory. A sales quota of $800,000 has been set for that territo current year. Kline will receive a 6 percent commission on all sales in excess of $800,000. For the current year, the sales in the territory $1,030,000. The bonus paid Kline would be: Kline's total earnings for the year would be: $13,800 (6% of $230,000) $48,800 ($35,000-$13,800) Wendy Epstein, a sales representative, earns an annual salary of $31,000 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 9.0% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10.5%. Her total sales for the past year were $285,000. Compute the following amounts: a. The regular annual salary b. The commission c. The total annual earnings

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