school help: Jennie is a real estate agent and earns a retainer of $290 per week plus commission of 2.5 % on all sales.? - Help.com

sheesh I am glad I am not in school anymore, the work they set seems to be so much harder than it used to be, either that or I am loosing brain cels at a steady rate, I think it is a combination of both.
Sorry, can’t help with that but I hope you figure it out.
Maybe try and get your teacher to help you with it, I mean if she/he has done their job properly then you should know the way to work it out so she/he won’t mind helping you.

do u want me to help u out?
lucky im still at skewl or i prob wouldnt remeber this lol

This year sales totalled $2500000
i) What will be her total income for this year?
52x$290 = $15080

2.5% of $2500000 =
0.025 x $2500000 = $62500

Total Income = $77580

ii) Using the tax given below and assuming she has no deductions how much tax does she owe for 2007-2008?
Taxable income Tax on this income
$1-$6000 Nil
$6001-$30000 15c for each $` over 6000
$30001-$75000 $3600 plus 30 c for each $1 over $30000
$75001-150000 $17100 plus 40c for each $1 over $75000
$150000 and over $47100 plus 45c for each $1 over $150000

Taxable Income = $77580

$77580-$75001 = $2579 (tax= $2579×40% = $1031.60)

$75000-$30001 = $44999 (tax= $44999×30% = $13499.70)

$30000-$6001 = $23999 (tax= $23999×15% =$3599.85)

Add Tax =$1031.60+13499.70+$3599.85 =$18131.15

Tax She Owes= $18131.15

iii) Jennie also needs to pat a neducare kevt if 1.5% of her income. How much is Jennies medcare levy?

1.5% of $18131.15 =
0.015 x $18131.15 = $271.97

Medicare Levy = $271.97

Yea so I think that is how you do it.