Question
Terry, a single employee with two dependents under the age of 17, is paid $18.50 per hour and receives a commission on net sales. No
Terry, a single employee with two dependents under the age of 17, is paid $18.50 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 $79,000 of sales; however, $2,600 of returns from the prior weeks sales. Company policy requires that commissions on sales returns are deducted from the employees pay, regardless of current commission earnings. Required: Compute Terrys gross pay for the 40-hour weekly pay period. Note: Negative amount(s) should be indicated by a minus sign.
What is the commisions?
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