Question
Terry McNutt, a single employee with two dependents under the age of 17, is paid $19.00 per hour and receives a commission on net
Terry McNutt, a single employee with two dependents under the age of 17, is paid $19.00 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 2 percent commission on his sales at Skidoo Sports. During the week of January 24, he sold $78,000 of ski equipment; however, he had $2,700 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: Name Filing Status Dependents Hourly Rate Number of Regular Hours 1/24/20XX Regular Earnings Commissions Gross Eamings Terry McNutt Check my work
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