Terry McNutt, a single employee with two withholding allowances, is paid $12 per hour and receives commission

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Terry McNutt, a single employee with two withholding allowances, is paid $12 per hour and receives commission on net sales. He does not receive a commission until his net sales exceed $150,000. Once the minimum sales volume is reached, he receives 4% commission on all of his sales at Skidoo Sports. During the week of January 23, he sold $87,000 of ski equipment; however, he had $2,250 of returns from the prior week’s sales. Company policy requires he return commissions on sale returns. Compute Terry’s gross pay for the 40 hour weekly pay period.

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Related Book For  answer-question

Payroll Accounting 2019

ISBN: 978-1259917073

5th edition

Authors: Jeanette Landin, Paulette Schirmer

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