Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

James manages a men's clothing store for a national chain. His monthly remuneration has three components: a $3500 base salary, plus 2% of the amount

James manages a men's clothing store for a national chain. His monthly remuneration has three components: a $3500 base salary, plus 2% of the amount by which the store's total sales volume for the month exceeds $40,000, plus 8% of the amount by which his personal sales exceed $4000. Calculate his gross compensation for a month in which his sales totalled $9900 and other staff had sales amounting to $109,260. $6555.20 $5555.20 None of the answers are correct $6055.20 $5055.20 1 point Becky's annual salary is $55,000. Her regular workweek consists of four * 1 point 10-hour workdays. She is eligible for overtime at "time and a half" on time worked in excess of 10 hours per day or 40 hours per week. Determine her gross earnings in a pay period if: (i) she is paid biweekly. (ii) she works 6 hours of overtime in a biweekly pay period. Oi. $2500.00 ii. $2781.25 i. $2115.39 ii. $2353.37 Oi. $2307.69 ii. $2567.31 None of the answers is correct i. $1923.08 ii. $2139.42

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Policies In Local Government Finance

Authors: Icma Staff

5th Edition

0873267729, 978-0873267724

Students also viewed these Accounting questions