Accounting answer with solution Sophia and Marcus are retail associates. Sophia receives a weekly wage of $420plus commission of $0.12 in the dollar on goods sold. During one week, Sophiasold goods worth $2,250. The following are deductions from her gross earnings:retirement contribution of 6.5% of gross earnings and income tax of $85.Calculate Sophia's net earnings for the week.

Total weekly gross earnings = Weekly wage + CommissionTotal weekly gross earnings = 420 + (0.12 per…

Answered: Sophia and Marcus are retail…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1MP

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