Answer: $4400
Explanation:
From the question, we are informed that Agent Jim works on a flat 2% commission and that he sells an in-house listing for $120,000 and also earns a $2,000 bonus from the listing client.
The amount owed Agent Jim will be:
= (2% × $120,000) + $2000
= (0.02 × $120,000) + $2000
= $2400 + $2000
= $4400
