Question 1: Dennis McDonald earns both $8.35/hour and a 13% commission on all sales. During the most recent week, he worked 49 hours and made total sales of $13,700

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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.

 

Question 1:

Dennis McDonald earns both $8.35/hour and a 13% commission on all sales. During the most recent week, he worked 49 hours and made total sales of $13,700.

Gross Pay = $

 

Question 2:

Cathy Miller earns both $10.40/hour and $17 for every sale she completes. During the most recent week, she worked 47 hours and made a total of 71 sales.

Gross Pay = $

 

Question 3:

Lenny Boyer earns both $7.75/hour and a 20% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $7,800.

Gross Pay = $

 

Question 4:

David White earns both $11.10/hour, $13 for every sale of Product A, and $17 for every sale of Product B. During the most recent week, he worked 53 hours and sold 37 units of Product A and 37 units of Product B.

Gross Pay = $

 

Question 5:

Gary Montgomery earns both $19.10/hour and a 20% commission on all sales. During the most recent week, he worked 46 hours and made total sales of $14,900.

Gross Pay = $

 
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