Sarah is a retail assistant. She receives a weekly wage of $280 plus a commission of $0.08 in the pound on goods sold. One week, Sarah sold goods worth $2,250. Deductions from her gross earnings include a pension contribution of 6.5% and income tax of $55. Required: Calculate Sarah's net earnings for the week.

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
icon
Related questions
Question
Calculate Sarah's net earnings for the week.
Sarah is a retail assistant. She receives a weekly wage
of $280 plus a commission of $0.08 in the pound on
goods sold. One week, Sarah sold goods worth
$2,250. Deductions from her gross earnings include
a pension contribution of 6.5% and income tax of
$55.
Required:
Calculate Sarah's net earnings for the week.
Transcribed Image Text:Sarah is a retail assistant. She receives a weekly wage of $280 plus a commission of $0.08 in the pound on goods sold. One week, Sarah sold goods worth $2,250. Deductions from her gross earnings include a pension contribution of 6.5% and income tax of $55. Required: Calculate Sarah's net earnings for the week.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
PAYROLL ACCT., 2019 ED.(LL)-TEXT
PAYROLL ACCT., 2019 ED.(LL)-TEXT
Accounting
ISBN:
9781337619783
Author:
BIEG
Publisher:
CENGAGE L