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James and Olivia are shop assistants. James receives a weekly wage of $350 plus a commission of $0.08 in the pound on goods sold. During one week, James sold goods worth $2,150. The following are deductions from his gross earnings: pension contribution of $42 and income tax of $58. Calculate James' net earnings for the week.

James and Olivia are shop assistants. James receives a weekly wage of $350 plus a commission of $0.08 in the pound on goods sold. During one week, James sold goods worth $2,150. The following are deductions from his gross earnings: pension contribution of $42 and income tax of $58. Calculate James' net earnings for the week.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1PB
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Provide net earnings for the week

James and Olivia are shop assistants. James receives a weekly wage of $350 plus a commission of $0.08 in the pound on goods sold. During one week, James sold goods worth $2,150. The following are deductions from his gross earnings: pension contribution of $42 and income tax of $58. Calculate James' net earnings for the week.
Transcribed Image Text:James and Olivia are shop assistants. James receives a weekly wage of $350 plus a commission of $0.08 in the pound on goods sold. During one week, James sold goods worth $2,150. The following are deductions from his gross earnings: pension contribution of $42 and income tax of $58. Calculate James' net earnings for the week.
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