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PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week, she worked 50 hours and sold 37 units of Product A and 29 units of Product B. Gross Pay = $ 5: Bruce Wright earns both $13.50/hour and a(n) 20% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $15,200. Gross Pay = $

PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week, she worked 50 hours and sold 37 units of Product A and 29 units of Product B. Gross Pay = $ 5: Bruce Wright earns both $13.50/hour and a(n) 20% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $15,200. Gross Pay = $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week, she worked 50 hours and sold 37 units of Product A and 29 units of Product B. Gross Pay = $ 5: Bruce Wright earns both $13.50/hour and a(n) 20% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $15,200. Gross Pay
Transcribed Image Text:PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week, she worked 50 hours and sold 37 units of Product A and 29 units of Product B. Gross Pay = $ 5: Bruce Wright earns both $13.50/hour and a(n) 20% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $15,200. Gross Pay
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