Compute the regular annual salary


Response to the following problem:

Wendy Epstein, a sales representative, earns an annual salary of $29,500 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 8.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10%. Her total sales for the past year were $295,000.

Compute:

a.The regular annual salary

b.The commission

c.The total annual earnings

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Accounting Basics: Compute the regular annual salary
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