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bra... ework i Saved Terry McNutt, a single employee with two dependents, is paid $14.50 per hour and receives a commission on net sales.
bra... ework i Saved Terry McNutt, a single employee with two dependents, is paid $14.50 per hour and receives a commission on net sales. He does not receive a commission until his net sales exceed $150,000. Once the minimum net sales are reached, he receives a 4 percent commission on all of his sales at Skidoo Sports. During the week of January 24, he sold $77,000 of ski equipment; however, he had $2,800 of returns from the prior week's sales. Company policy requires that commissions on sales returns are deducted from the employee's pay, regardless of current commission earnings. Required: Compute Terry's gross pay for the 40-hour weekly pay period. (Negative amount(s) should be indicated by a minus sign.) Company Skidoo Sports Period Ended: 1/24/20XX Name Filing Status Terry McNutt S-2 $ Hourly Rate 14.50 No. of Regular Hours 40.00 Regular Earnings Commissions Gross Earnings $ 580.00 3,548.0
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