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This will earn the sales person a monthly gross salary of: $1600*25% = $400 commission per car, So, for 10 cars the commission would be $4,000 and for 12 cars, it would be $4800 in commission only. And his gross salary will be, Fixed Basic + Commission = $1000 + $4000 = $5,000 for 10 sales. Or, $1000 + $4800 = $5,800 for 12 sales per month.
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While tax rates vary by location, the auto sales tax rate typically ranges anywhere from two to six percent. Multiply the net price of your vehicle by the sales tax percentage. Remember to convert the sales tax percentage to decimal format. For example, if your state sales tax rate is 4%, you would multiply your net purchase price by 0.04.
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