Millie Garrett manages the Women's Sportswear Department of Ivy Department Store. She earns a base monthly salary

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Millie Garrett manages the Women's Sportswear Department of Ivy Department Store. She earns a base monthly salary of $1,300 plus an 8% commission on her personal sales. Through payroll deductions, Garrett donates $30 per month to a charitable organization, and she authorizes Ivy to deduct $80 monthly for her health insurance. Tax rates on Garrett's earnings are 12% for income tax, and 7.65% for FICA tax. During the first 11 months of the year, she earned $110,400.
Requirement
Compute Garrett's gross pay and net pay for December, assuming her sales for the month are $115,000. Round amounts to the nearest cent?
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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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