document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1205370>Question 1205370</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A salesman receives a basic monthly salary of ₦23,200. He also gets ½% commission on sales. Out of his total income he pays 1% as union fees and 3% as income tax. What was his net income for a month in which his sales were ₦2,595,000. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #842121 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=842121\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> sales = 2595000<BR>\n" );
document.write( "salary = 23200<BR>\n" );
document.write( "commission = .005 * sales = 12975<BR>\n" );
document.write( "gross income = salary plus commission = 23200 + 12975 = 36175<BR>\n" );
document.write( "union fees = .01 * gross income = 361.75<BR>\n" );
document.write( "income tax = .03 * gross income = 1085.25<BR>\n" );
document.write( "net income = gross income minus union fees minus income tax = 36175 - 361.75 - 1085.25 = 34728.<BR>\n" );
document.write( "that's his net income for the month.\r<BR>\n" );
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