Wendy Epstein, a sales representative, earns an annual salary of $32,700 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 9.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 11.0%. Her total sales for the past year were $290,000. Compute the following amounts:   a.  The regular annual salary $ b.  The commission $ c.  The total annual earnings $

Q: Kallen receives a base salary of $800 per month plus 5% on all sales over $15,000. If Kallen sold…

A: Gross pay = Base salary + Commission on sale

Q: Universal Exporting has three warehouse employees: John Abner earns $422 per week, Anne Clark earns…

A: SUTA and FUTA are the payroll tax paid by the employers in the state and federal funds made for the…

Q: Dixon Sales has six sales employees that receive weekly paychecks. Each employee earns $18.00 per…

A: Lets understand the basics.Journal entry is required to record for recording each of event and…

Q: BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its…

A: Social Security Taxes is taxable on first $137,700 of earnings. Whereas there is no income limit set…

Q: Terry, a single employee with two dependents under the age of 17, is paid $16.50 per hour and…

A: Payroll is the method used to compensate employees for the work they have completed. This involves…

Q: 3. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of…

A: Gross Pay will be Particulars   Amount Salary for the month   P33,000 Add: Allowances…

Q: David is paid a monthly salary of 12,000 and earn a commission of 4% in sale. If he sold the total…

A: The gross pay is the sum total of monthly salary and commission on sales.

Q: Terry, a single employee with two dependents under the age of 17, is paid $16.50 per hour and…

A: Payroll is the method used to compensate employees for the work they have completed. This involves…

Q: Dunne Co. sells equipment service contracts that cover a two­year period. The sales price of each…

A:

Q: During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per…

A: The high-low method is used to differentiate the mixed costs. The Mixed cost is the combination of…

Q: An appliance company has three installers. Larry earns $325 per week, Curly earns $490 per week, and…

A: SUTA tax is state unemployment tax act which are payroll tax applied on the first $7000 earnings of…

Q: As the owner of a copy and print shop, you must collect 6 ½ % of the amount of each sale for sales…

A: Sales tax is a form of indirect tax which needs to be paid by individual on sale of goods and…

Q: Kerr receives an annual $25,700 base salary for working the territory in  Arizona. A quota of…

A: The total salary due to the emloyee will be base salary plus sales commission.

Q: Using the information above, what amount is the check, netof all deductions, that Gabe received for…

A: Solution:- Given, During the first week of February, Gabe Hopen earned $300. The FICA taxes are…

Q: 1.Jill is paid a yearly salary of $90,000. How does she make per month?

A: Salary is the payment form from the employer to the employees, which might be specified the contract…

Q: 5. Mike Lasueze is a salesperson in the appliance department at Wicklow Appliance Inc. He is…

A: Minimum salary = $ 220 Weekly sale = $ 8400 Pay rate = 5.5% of sale Salary as per sale = 8400*0.055…

Q: An appliance company has thre

A: FUTA stands for Federal Unemployment Tax Act, which was established in 1939 to fund unemployment…

Q: Lucy makes a salary of $38,985 per year. She also makes a commission of 6% in total sales. Lucy's is…

A: The answer for above question is given below:

Q: Assuming situation (a), prepare the employer’s September 30 journal entry to record the employer’s…

A: Journal entry is the process of documenting commercial transactions for the first time in the books…

Q: How much more does a straight commission employee make than the graduated commission employee for…

A: The commission is a payment received in return for the sales quantity achieved.  Straight Commission…