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# Leo corporation pays its employees on a graduated

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46. Leo Corporation pays its employees on a graduated commission scale: 6 percent on 1 st \$40,000 sales; 7% on sales above \$40,000 to \$80,000; and 9 percent on sales greater than \$80,000. Bernie Kaminsky had sales of \$105,000. His commission is: A. \$2,400 B. \$7,450 C. \$5,200 D. \$1,350 E. None of these Difficulty: Medium Slater - Chapter 009 #47 47. Ron Swift earned \$1,500 last week. He is married, paid bi-weekly, and claims two exemptions. Using the percentage method (use tables in the handbook) his income tax is: Difficulty: Hard Slater - Chapter 009 #48

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48. Jill Hartman earns \$750 per week plus 3 percent of sales in excess of \$6,500. If Jill sells \$25,000 in 1st week, her earnings are: Difficulty: Medium Slater - Chapter 009 #50 49. Jeff Jones earns \$1,200 per week. He is married and claims 4 withholding allowance. The Social Security rate is: 6.2% on \$97,500 and Medicare 1.45%. To date his cumulative wages are \$6,000. Each paycheck, his employer also deducts \$42.50 for health insurance. What is his net pay? (Calculate FIT by percentage method). \$962.78 Net Pay Difficulty: Hard Slater - Chapter 009 #61 50. Calculate the gross pay of Alice Flynn, a corn picker, assuming she picked 4,150 ears of corn \$233.50 Difficulty: Medium Slater - Chapter 009 #70 51. A local Dunkin Donuts makes blueberry muffins that cost \$.69 each. Past experience shows that 15% of the muffins will spoil and have to be discarded. Assuming this donut shop wants a 30% markup based on cost and produces 200 muffins, each muffin should sell for: Difficulty: Hard Slater - Chapter 008 #46 Test 2 Spring 2009 Summary
Category # of Questions Difficulty: Easy 18 Difficulty: Hard 9 Difficulty: Medium 24 Slater - Chapter 004 13 Slater - Chapter 007 13 Slater - Chapter 008 13 Slater - Chapter 009 12
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