1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
romanna [79]
11 months ago
9

isiah copeland sells tennis equipment. he is guaranteed a minimum salary of $1,500 per month plus 5.75% of his total sales. what

are isaiah's total sales for a month in which his gross pay was $2,075? group of answer choices
Business
1 answer:
Artyom0805 [142]11 months ago
6 0

His total sales for a month in which his gross pay was $2,075 is $10000

<h3>What is Gross pay?</h3>

The sum of an individual's earnings before taxes or other deductions is their gross income, which is sometimes referred to as their gross pay on a paycheck. This covers earnings from all sources, not only work, and is not restricted to earnings in cash; it also covers earnings from the receipt of goods or services.

For businesses, the terms gross income, gross margin, and gross profit are equivalent. On the income statement, a company's gross income is calculated as total revenue less cost of goods sold (COGS).

A person's total income is made up of their earnings and salaries as well as additional sources of income such dividends, interest, pensions, and rental income.

A company's gross income is its total sales less its cost of products sold.

Total sales = (gross pay - minimum salary) / total sales

= ($2075 - $1500 ) / 5.75%

⇒ Total sales = $10000

To learn more about Gross pay from given link

brainly.com/question/25273589

#SPJ4

You might be interested in
Which of the following statements is accurate?A. Firms that engage in ethical practices are always socially responsible. B. To a
vesna_86 [32]

Answer:

(C) Socially responsible firms automatically engage in ethical practices.

Explanation:

Social responsibility is an ethical theory, in which individuals are accountable for fulfilling their civic duty; the actions of an individual must benefit the whole of society. Examples of social responsibility marketing strategies includes: recyclable packaging, promotions that spread awareness of societal issues and problems, and directing portions of profits toward charitable groups or efforts.

6 0
3 years ago
Cash outflows for McKinney Publishing in 2020 included:________. $347,000 in salaries to authors. $180,000 in fees to contracted
Marat540 [252]

Answer: $527,000

Explanation:

Salaries to authors = $347,000

Fees to contracted editors = $180,000

Copyrights obtained = $83,000

Purchase of a new printing warehouse = 1.3 million

Upgrade of current printing equipment = $560,000

McKinney Enterprises expense will be:

= Salaries to authors + Fees to contracted editors

= $347,000 + $180,000

= $527,000

4 0
2 years ago
Which statement describes the effect of taxes on a traditional 401(k) retirement account?
worty [1.4K]

Answer:

A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

Explanation:

A 401 k is a qualified tax-advantaged saving retirement plan. Usually, 401K  plans are employer-sponsored. Employee contributions to the 401 k plans are deducted from the payroll before taxes are calculated. It means the employee contribution is not taxed at the time it's withheld by the employer.

The amounts saved are invested in market securities such as shares and bonds. The tax due from earning from the investment is deferred to the time of withdrawal. The employee is not required to pay taxes on contributions and investments earning every financial year.

3 0
2 years ago
The British government has a consol bond outstanding paying pound 100 per year forever. Assume the current interest rate is 4 %
aleksley [76]

Answer:

Explanation:

From the question, we are informed that the British government has a consol bond outstanding paying pound 100 per year forever and that the current interest rate is 4% per year.

A. What is the value of the bond immediately after a payment is made?

The value of the bond here will be the present value of the payment on perpetuity. This will be payment divided by rate.

= $100/4%

= $100/0.04

= $2500

B. What is the value of the bond immediately before a payment is made?

The bond value here will be the value of the payment added to the value of the bond immediately after a payment is made which is calculated in (a) above. This will be:

= $100 + $2500

= $2600

4 0
3 years ago
WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, or C
True [87]

Answer:

B

C

A

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • The program whereby taxes are deducted from employees' checks, proceeds are put into a trust fund, and distributed to the elderl
    12·1 answer
  • A performance obligation is:
    9·1 answer
  • A corporation is a type of partnership that?
    6·1 answer
  • The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summ
    12·1 answer
  • Rather than being just a random activity, good marketing requires _____ in determining appropriate actions to produce sound deci
    10·1 answer
  • Why do you think effective planning is necessary in achieving our objectives?
    12·1 answer
  • You purchased an annual interest coupon bond one year ago that had six years remaining to maturity at that time. The coupon inte
    10·1 answer
  • On August 1, 2020, Ascent Corp. borrowed $80,000 cash on an 8-month note payable with a 7% annual rate that requires Ascent to p
    13·1 answer
  • Some economists believe that a sales tax increase affects which group the MOST?
    15·1 answer
  • Expain what is debt in a 70 word paragraph
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!