Section 1-6

Chapter 1, Section 1-6: page 104 EVEN-NUMBERED ANSWERS

2. $143,000 × 5 1/2 % = $7,887.00

4. 6% × $34,000 = $2,040, $2,040 is greater (NOTE: when using a calculator, you will want to either convert the 6% to 0.06 then multiply by $34,000 or enter $34,000 then press X then 6 % =. The numbers are entered in a different order, because the calculator needs the amount entered first before the percent is entered.)

6. ( $98,000 × 8% ) = $7,840

8. ( $9,598 × 6% ) = $575.88

10. ( $929.00 × 15% ) = $139.35

12. ( $68,417 × 3% ) = $2,052.51

14a. ( $23,000 × 6.5% ) = $1,495

14b. The $1,600 salary is more than the $1,495.00 commission, so $1,600 is Peter's Gross Pay.

16a. ( $10,400 × 3.5% ) = $364

16b. The $850 salary is more than the $364 commission, so $850.00 is Yevette's Gross Pay.

18a. $29,100.00 × 12.1% = $3,521.10

18b. The $3,521.10 commission is higher than the $3,410 salary, so $3,521.10 is DeWanda's Gross Pay.

20. ( $3,422.00 × 5.5% = $188.21 ) $188.21 is greater than $185.

22a. ($412,454 sales × 7% = $28,871.78 commission) + (commission $28,871 × 5% = $1,443.59 Bonus) = $30,315.37. NOTE: The easiest calculator method is to enter 412,454 × 7% to get the commission. Press M+, then immediately press (without clearing) × 5% to get the bonus. Then press M+, then M* (or equivalent) to add the two together.

22b. ( $316,250.00 sales × 7% = $22,137.50 commission ) + (commission $22,137.50 × 5% = $1,106.88 bonus ) = $23,244.38

24. 6.75

26. $50

28. $594.50

30. $8.76 

32. 0.1

34. 0.9