Carry each hourly rate and each overtime rate to 3 decimal places and then round...
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Accounting
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places.
Ronald Dowd receives an annual base salary of $47,500 as a salesman in the Southern region, which has an annual sales quota of $450,000. For all sales over this quota, Dowd receives a commission of 4 percent. For the current year, sales in the Southern region total $698,000. The amount of salary and commissions due to Dowd is $.
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