Personal Finance – 11/29/206

I. Bellwork – Show your work

A. Nabil gets a commission of 5% of all sales & gets additional commission of 1% for sales over $40,000. He had sales of $60,000. What is his commission?

B. Hussein’s base monthly salary is $2000. He makes a 4% commission on sales up to $25,000 and an 8% commission on all sales between $25,000-$60,000. He had sales of $50,000. What’s his monthly income?