Jeffery Simpson sells widgets for Colorful Toys, Inc. His annual salary is $50,000 per year and he is paid on a biweekly basis. During the third quarter of the year, Jeffery’s total sales were $33,008. He is also paid a commission and the for quarterly sales, see below. For the first pay of October, what is his gross pay? $0 to $20,000 1% $20,001 to $32,000 2% $32,001 to $50,000 3%     $2,553.16   $2,913.32   $1,923.08   $2,583.24

College Accounting (Book Only): A Career Approach
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ISBN:9781305084087
Author:Cathy J. Scott
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Chapter7: Employee Earnings And Deductions
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  • Jeffery Simpson sells widgets for Colorful Toys, Inc. His annual salary is $50,000 per year and he is paid on a biweekly basis. During the third quarter of the year, Jeffery’s total sales were $33,008. He is also paid a commission and the for quarterly sales, see below. For the first pay of October, what is his gross pay?

    $0 to $20,000

    1%

    $20,001 to $32,000

    2%

    $32,001 to $50,000

    3%

     

    •  

      $2,553.16

    •  

      $2,913.32

    •  

      $1,923.08

    •  

      $2,583.24


 

 

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