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  • Commission Income Tax HW

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    melissa
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    Kevin earns a base pay of $325 per week and earns commissions on his sales. If he earned $1125 total last week, his commission was $1125 - $325 = $800. Danielle earns a base salary of $450 per week plus 10% commission on her $900 in sales. Her commission is 10% of $900 = $90. Her total earnings are her $450 base plus $90 commission = $540. Janet earns $2400 per month or $28,800 per year in gross salary. Her tax-free allowances are 5% of salary for National Insurance of $1,440 and $3,000 in personal allowances, total

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    Commission Income Tax Hw

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    Kevin earns a base pay of $325 per week and earns commissions on his sales. If he earned $1125 total last week, his commission was $1125 - $325 = $800. Danielle earns a base salary of $450 per week plus 10% commission on her $900 in sales. Her commission is 10% of $900 = $90. Her total earnings are her $450 base plus $90 commission = $540. Janet earns $2400 per month or $28,800 per year in gross salary. Her tax-free allowances are 5% of salary for National Insurance of $1,440 and $3,000 in personal allowances, total

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    6 views2 pages

    Commission Income Tax HW

    Uploaded by

    melissa
    Kevin earns a base pay of $325 per week and earns commissions on his sales. If he earned $1125 total last week, his commission was $1125 - $325 = $800. Danielle earns a base salary of $450 per week plus 10% commission on her $900 in sales. Her commission is 10% of $900 = $90. Her total earnings are her $450 base plus $90 commission = $540. Janet earns $2400 per month or $28,800 per year in gross salary. Her tax-free allowances are 5% of salary for National Insurance of $1,440 and $3,000 in personal allowances, total

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    COMMISSION

    1) Kevin works as a salesperson at a store that specializes in custom made computers. He earns a
    base pay of $325 per week and a commission on his sales. If Kevin earned a total of $1125 last
    week, how much of it was commission?

    2) Danielle sells beauty supplies and earns a base salary of $450 per week plus a 10 % commission
    on sales. During one particular week, she sells $900 worth of beauty supplies.

    a) How much commission does she make for that week?

    b) How much total money does she earn before taxes that week?
    INCOME TAX
    Janet’s gross salary is $2400 per month. Her tax-free allowances are shown below:

    • National Insurance 5% of gross salary


    • Personal Allowances $3000 per year

    Given that a 20% tax is charged on the taxable income

    Calculate

    (i) Her gross yearly salary

    (ii) Her total tax-free allowances for the year.

    (iii) Her taxable yearly income

    (iv) Her income tax

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