Answer: $96,220
Explanation:
From the questionwe are we informed that Daniel is a very good television salesperson and that his annual sales average at $187,400 and his commission on sales is 30% while his annual base salary is $40,000.
His annual gross income will be his annual base salary plus commission annually. This will be:
= $40,000 + (30% × $187,400)
= $40,000 + (0.3 × $187,400)
= $40,000 + $56,220
= $96,220