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Item 1 Lawrin is a real-estate salesperson whose compensation is commission-only. She earns a 3% commission on the sale price of each house that she sells and receives 1.5% commissions at the end of each month (the broker retains the rest per the employment agreement). During the month of July, Lawrin sold two houses totaling $445,260. What is her gross pay for the month of July

Answer :

facundobuzzetti

Answer:

Gross pay= $13,357.8

Explanation:

Giving the following information:

Gross commission= 3%

Sales= $445,260

The gross pay is the amount earned before tax and other deductions. We need to use the following formula:

Gross pay= commission rate*sales

Gross pay= 0.03*445,260

Gross pay= $13,357.8

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