Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Mr. Tan decided to pay his employee Php3000 per week and10% commission on sales above Php30, 000 for the week. What is the gross pay (salary plus commission)?
 A Php1, 000 B Php2, 000 C Php3, 000 D Php4, 000
Explanation:

Detailed explanation-1: -For hourly employees, gross wages can be calculated by multiplying the number of hours worked by the employee’s hourly wage. For example, an employee that works part-time at 25 hours per week and receives a wage of \$12 per hour would have a gross weekly pay of \$300 (25x12=300).

Detailed explanation-2: -To calculate the payable commission, multiply the sales revenue by the sales commission rate. A 10 percent commission rate on a \$10, 000 product deal would pay \$1, 000 in commission.

Detailed explanation-3: -Net Pay = Gross Pay – Deductions and Taxes It’s that simple. All you have to do is figure out your gross pay and total deductions and taxes, then subtract the latter from the former.

Detailed explanation-4: -In short, the steps to calculating net pay are as follows: Gross wages – pretax deductions and nontaxable arrangements – taxes – after-tax deductions = net/take-home pay.

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