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Terry, a single employee with two dependents under the age of 17 , is paid $16.00 per hour and receives a commission on net sales.
Terry, a single employee with two dependents under the age of 17 , is paid $16.00 per hour and receives a commission on net sales. No commission is received until net sales exceed $150,000. Once the minimum net sales are reached, the 3 percent commission on sales applies. During the week of January 28 , there were $84,000 of sales; however, $2,100 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. Note: Negative amount(s) should be indicated by a minus sign
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