Jeffery Simpson sells widgets for Colorful Toys, Inc. His annual salary is $50,000 per year and he is paid on a biweekly basis. During the third quarter of the year, Jeffery’s total sales were $33,008. He is also paid a commission and the for quarterly sales, see below. For the first pay of October, what is his gross pay?$0 to $20,0001%$20,001 to $32,0002%$32,001 to $50,0003% $2,553.16 $2,913.32 $1,923.08 $2,583.24

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Answered: Jeffery Simpson sells widgets for…

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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Jeffery Simpson sells widgets for Colorful Toys, Inc. His annual salary is $50,000 per year and he is paid on a biweekly basis. During the third quarter of the year, Jeffery’s total sales were $33,008. He is also paid a commission and the for quarterly sales, see below. For the first pay of October, what is his gross pay?

$0 to $20,000

1%

$20,001 to $32,000

2%

$32,001 to $50,000

3%

$2,553.16
$2,913.32
$1,923.08
$2,583.24

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