Terrell earns an hourly wage of $9.50. He gets paid every two weeks. He worked 15 hours the first week and 18 hours the second week. What is his gross pay? Enter answer using format: $0.00 Sophia earns an hourly wage of $12.00 at the Department Store. She gets paid weekly. She gets paid time and a half for any hours over 40. She worked a total of 45 hours this week. What is her gross pay? Enter answer using format: $0.00 Damien has a yearly salary at All Star Accountants of $42,500.00. He gets paid bi-weekly. What is his gross pay for Sammy has a yearly salary at Dicks Sporting Goods as a Mah of $66,750.00. They get paid semi-monthly. What is their g pay for each pay period? Enter answer using format: $ 0,000.00 Make sure to round to two decimal places. Eric is a sales representative for a large Pharmacy Company. F has a yearly salary of $82,425.00. He gets paid monthly. In addition, if he sells more than $150,000 in a month he gets 6 commission. Eric sold $172,000 this month. What is his gross pay for this month (include any commissions earned)? Enter answer using format: $ 0,000.00 Make sure to round to two decimal places.

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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Question
Terrell earns an hourly wage of $9.50. He gets paid every two
weeks. He worked 15 hours the first week and 18 hours the
second week. What is his gross pay?
Enter answer using format: $0.00
Sophia earns an hourly wage of $12.00 at the Department Store.
She gets paid weekly. She gets paid time and a half for any
hours over 40. She worked a total of 45 hours this week. What
is her gross pay?
Enter answer using format: $0.00
Damien has a yearly salary at All Star Accountants of
$42,500.00. He gets paid bi-weekly. What is his gross pay for
each pay period?
Enter answer using format: $ 0,000.00
Make sure to round to two decimal places.
Sammy has a yearly salary at Dicks Sporting Goods as a Manager
of $66,750.00. They get paid semi-monthly. What is their gross
pay for each pay period?
Enter answer using format: $ 0,000.00
Make sure to round to two decimal places.
Eric is a sales representative for a large Pharmacy Company. He
has a yearly salary of $82,425.00. He gets paid monthly. In
addition, if he sells more than $150,000 in a month he gets 6%
commission. Eric sold $172,000 this month. What is his gross
pay for this month (include any commissions earned)?
Enter answer using format: $ 0,000.00
Make sure to round to two decimal places.
Transcribed Image Text:Terrell earns an hourly wage of $9.50. He gets paid every two weeks. He worked 15 hours the first week and 18 hours the second week. What is his gross pay? Enter answer using format: $0.00 Sophia earns an hourly wage of $12.00 at the Department Store. She gets paid weekly. She gets paid time and a half for any hours over 40. She worked a total of 45 hours this week. What is her gross pay? Enter answer using format: $0.00 Damien has a yearly salary at All Star Accountants of $42,500.00. He gets paid bi-weekly. What is his gross pay for each pay period? Enter answer using format: $ 0,000.00 Make sure to round to two decimal places. Sammy has a yearly salary at Dicks Sporting Goods as a Manager of $66,750.00. They get paid semi-monthly. What is their gross pay for each pay period? Enter answer using format: $ 0,000.00 Make sure to round to two decimal places. Eric is a sales representative for a large Pharmacy Company. He has a yearly salary of $82,425.00. He gets paid monthly. In addition, if he sells more than $150,000 in a month he gets 6% commission. Eric sold $172,000 this month. What is his gross pay for this month (include any commissions earned)? Enter answer using format: $ 0,000.00 Make sure to round to two decimal places.
Commission
Example:
5% of $325.05 ($325) = $16.25
Example:
Angel sells make up for beauty supply company. She gets paid $2,000 a
month plus sales commission. She earns 15% commission on monthly
sales. Her sales were $800 this month. What is her gross pay for this
month?
.15($800) = $120
Monthly pay ($2,000) + Commission($120) =
$2,120.00
Angel's gross pay for this month is $2,120.00.
Transcribed Image Text:Commission Example: 5% of $325.05 ($325) = $16.25 Example: Angel sells make up for beauty supply company. She gets paid $2,000 a month plus sales commission. She earns 15% commission on monthly sales. Her sales were $800 this month. What is her gross pay for this month? .15($800) = $120 Monthly pay ($2,000) + Commission($120) = $2,120.00 Angel's gross pay for this month is $2,120.00.
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