Homework Help is Here – Start Your Trial Now!
Business
Accounting
PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Dennis McDonald earns both $8.25/hour and a 11% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $13,000. Gross Pay = $ 2: Cathy Miller earns both $10/hour and $15 for every sale she completes. During the most recent week, she worked 45 hours and made a total of 75 sales. Gross Pay = $ 3: Lenny Boyer earns both $7.50/hour and a 19% commission on all sales. During the most recent week, he worked 48 hours and made total sales of $8,000. Gross Pay = $ 4: David White earns both $11/hour, $12 for every sale of Product A, and $15 for every sale of Product B. During the most recent week, he worked 51 hours and sold 35 units of Product A and 39 units of Product B. Gross Pay = $ 5: Gary Montgomery earns both $18.25/hour and a 17% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $15,000. Gross Pay = $

PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Dennis McDonald earns both $8.25/hour and a 11% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $13,000. Gross Pay = $ 2: Cathy Miller earns both $10/hour and $15 for every sale she completes. During the most recent week, she worked 45 hours and made a total of 75 sales. Gross Pay = $ 3: Lenny Boyer earns both $7.50/hour and a 19% commission on all sales. During the most recent week, he worked 48 hours and made total sales of $8,000. Gross Pay = $ 4: David White earns both $11/hour, $12 for every sale of Product A, and $15 for every sale of Product B. During the most recent week, he worked 51 hours and sold 35 units of Product A and 39 units of Product B. Gross Pay = $ 5: Gary Montgomery earns both $18.25/hour and a 17% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $15,000. 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
See similar textbooks
icon
Related questions
Question
PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Dennis McDonald earns both $8.25/hour and a 11% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $13,000. Gross Pay = $ 2: Cathy Miller earns both $10/hour and $15 for every sale she completes. During the most recent week, she worked 45 hours and made a total of 75 sales. Gross Pay = $ 3: Lenny Boyer earns both $7.50/hour and a 19% commission on all sales. During the most recent week, he worked 48 hours and made total sales of $8,000. Gross Pay = $ 4: David White earns both $11/hour, $12 for every sale of Product A, and $15 for every sale of Product B. During the most recent week, he worked 51 hours and sold 35 units of Product A and 39 units of Product B. Gross Pay = $ 5: Gary Montgomery earns both $18.25/hour and a 17% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $15,000. Gross Pay = $
Transcribed Image Text:PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Dennis McDonald earns both $8.25/hour and a 11% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $13,000. Gross Pay = $ 2: Cathy Miller earns both $10/hour and $15 for every sale she completes. During the most recent week, she worked 45 hours and made a total of 75 sales. Gross Pay = $ 3: Lenny Boyer earns both $7.50/hour and a 19% commission on all sales. During the most recent week, he worked 48 hours and made total sales of $8,000. Gross Pay = $ 4: David White earns both $11/hour, $12 for every sale of Product A, and $15 for every sale of Product B. During the most recent week, he worked 51 hours and sold 35 units of Product A and 39 units of Product B. Gross Pay = $ 5: Gary Montgomery earns both $18.25/hour and a 17% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $15,000. Gross Pay = $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS