1. Priya earns more in base pay because earns $8,4000 per year than Boris.
2. The commission pay that would put Boris's total compensation just over Priya's is > $168,000.
1. Base pay refers to the fixed amount of compensation that an employee receives for performing their job responsibilities. Its excludes rewards like bonuses, overtime or additional benefits.
Priya Base Pay = $50,000/year
Boris Base Pay is:
= $20.00 * 40 hours * 52 weeks
= $41,600/year
2. To determine the commission pay, we will set up an equation.
Let C be Boris's commission pay.
Boris's total compensation is the sum of his base pay and commission pay.
So, total Compensation for Boris = $41,600 + 0.05C.
We want Boris's total compensation to be just over Priya's, so Priya's total compensation is $50,000.
Setting up the inequality, we have:
$41,600 + 0.05C > $50,000.
0.05C > $50,000 - $41,600
0.05C > $8,400.
C > $168,000.