Martha is a regional supervisor who earns a base salary of $35,000 per year plus a 1% commission on all service contracts that she sells to existing customers. The company pays salaries on a semimonthly basis and contract commissions on a quarterly basis. As of September 30, Martha had made $35,950 in contract sales for the third quarter. What will be her gross pay on her next pay date? (Do not
round interim calculations. Round final answer to 2 decimal places.)
A) $1,458.33
B) $1,817.83
C) $2,053.13
D) $1,705.65
Ans: B) $1,817.83
The base salary of Martha for september month = $ 35,000 \div 24
Base salary for september month = $ 1,458.33
Gross pay on pay date = Base salary + Contract commission
Gross pay on pay date = $ 1,458.33 + 0.01 * $ 35,950
Gross pay on pay date = $ 1,817.83
You might also like to view...
John often prefers conversations that require him to intellectually challenge himself. John is a(n) _________ listener.
a. content-oriented b. action-oriented c. people-oriented d. intellectual-oriented
Unbiased evidence that is supported by empirical findings is called ________
A) objective evidence B) sound evidence C) legal evidence D) subjective evidence E) research data
It is wise for a retailer to maintain the highest possible financial leverage as a means of maximizing return on net worth
Indicate whether the statement is true or false
What is logistics?
A. The purchasing of goods and services to meet the needs of the supply chain. B. Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain. C. Includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain. D. Includes activities that govern the flow of tangible, physical materials through the supply chain such as shipping, transport, distribution, and warehousing.