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J Corey, a nonexempt salesperson with Verent Enterprises, earns a base annual salary of $33,750 with a standard 40-hour workweek. I addition, a 3 percent commission on all sales during the pay period applies. During the weekly pay period ending August 25, Corey closed $28,000 in sales and worked 4 hours of overtime. Required: What is the gross pay for the period? Note: Do not round your intermediate calculations. Round your final answer to 2 decimal places. ces Gross pay

J Corey, a nonexempt salesperson with Verent Enterprises, earns a base annual salary of $33,750 with a standard 40-hour workweek. I addition, a 3 percent commission on all sales during the pay period applies. During the weekly pay period ending August 25, Corey closed $28,000 in sales and worked 4 hours of overtime. Required: What is the gross pay for the period? Note: Do not round your intermediate calculations. Round your final answer to 2 decimal places. ces Gross pay

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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J Corey, a nonexempt salesperson with Verent Enterprises, earns a base annual salary of $33,750 with a standard 40-hour workweek. I addition, a 3 percent commission on all sales during the pay period applies. During the weekly pay period ending August 25, Corey closed $28,000 in sales and worked 4 hours of overtime. Required: What is the gross pay for the period? Note: Do not round your intermediate calculations. Round your final answer to 2 decimal places. ces Gross pay
Transcribed Image Text:J Corey, a nonexempt salesperson with Verent Enterprises, earns a base annual salary of $33,750 with a standard 40-hour workweek. I addition, a 3 percent commission on all sales during the pay period applies. During the weekly pay period ending August 25, Corey closed $28,000 in sales and worked 4 hours of overtime. Required: What is the gross pay for the period? Note: Do not round your intermediate calculations. Round your final answer to 2 decimal places. ces Gross pay
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