Fay Corp pays their salesperson a fixed salary and commissions on net sales. Sales commissions are paid on the
same month of the sale.
Data are as follows:
Sales Person Fixed Salary Net Sales Commission rate
A 10,000 200,000 4%
B 14,000 400,000 6%
C 18,000 600,000 6%
How much is the salary expense?
? 74,000
? 42,000
? 50,000
? 110,000