Jim Smith Is a Salesman Who Receives a $1,100 Draw

question 17

Multiple Choice

Jim Smith is a salesman who receives a $1,100 draw per week. He receives a 12% commission on all sales. Sales for Jim were $205,000 for the month. Assuming a four-week month, Jim's commission after the draw is: Three allowances
59) 62 x 3 = 178.86 1200 - 178.86 = 1021.14
FIT 17.12 + 125.40 = 142.52
100 x .062 = 6.20
1200 x. 0145 = 17.40
1200 - 6.20 - 17.40 - 142.52 = 1033.88

• A)$24,600
• B)$20,200
• C)$23,500
• D)$26,400
• E)None of these

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