Annual Compensation

The company has recently changed its total annual compensation policy to improve sales.
A salesperson will continue to earn a fixed salary of $30,000.
The total annual compensation is the fixed salary plus the commission earned.
The current sales target for every salesperson is $400,000.
Sales incentives are calculated as follows:
The sales incentive will only start when 80% of the sales target is met. The sales person will earn zero commission until 80% of the sales target is achieved.
The current commission is 8% of total sales.
If a salesperson exceeds the sales target, the commission rate will increase based on an acceleration factor. The acceleration factor is 1.25 (which means that the commission rate for salespersons that achieve the sales target is 10%, that is, 1.25 x 8%= 10%).
For clarification, the effective commission rates are as follows:
For total annual sales of $0.00 to 319,999.99, the commission rate is 0% of total annual sales.
For total annual sales of $320,000.00 to 399,999.99, the commission rate is 8% of total annual sales.
For total annual sales of $400,000.00 and above, the commission rate is 10% of total annual sales.
The application should ask the user to enter annual sales, and it should display the total annual compensation.
The application should also display a table of potential total annual compensation that the salesperson could have earned, in $5000 increments above the salesperson's annual sales, until it reaches 50% above the salesperson's annual sales.
Sample Table: Assuming a total annual sales of $100,000, the table would look like this:
Total Sales Total Compensation
$100,000 <
$105,000 <
$110,000 <
$115,000 <
$120,000 <
$125,000 <
$130,000 <
$135,000 <
$140,000 <
$145,000 <
$150,000 <
Powered by