Terry, a single employee with two dependents under the age of 17, is paid $17.00...

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Accounting

Terry, a single employee with two dependents under the age of 17, is paid $17.00 per hour and receives a commission on net sales for a company in Russelville, Oklahoma. No commission is received until net sales exceed $150,000. Once the minimum net sales are reached, the 4 percent commission on sales applies. During the week of January 27, there were $82,000 of sales; however, there were $2,300 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.Terry, a single employee with two dependents under the age of 17, is paid $17.00 per hour and receives a commission on net sales for
a company in Russelville, Oklahoma. No commission is received until net sales exceed $150,000. Once the minimum net sales are
reached, the 4 percent commission on sales applies. During the week of January 27, there were $82,000 of sales; however, there
were $2,300 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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