Maria Gomez manages the Women's Sportswear Department of Las Mariposas Department Store. She earns a base monthly

Question:

Maria Gomez manages the Women's Sportswear Department of Las Mariposas Department Store. She earns a base monthly salary of $950 plus a 5% commission on her personal sales. Through payroll deductions, Gomez donates $40 per month to a charitable organization, and she authorizes Las Mariposas to deduct $68 monthly for her health insurance. Tax rates on Gomez's earnings are 10% for income tax, and 7.65% for FICA tax. During the first 11 months of the year, she earned $54,500.00

Requirement

Compute Gomez's gross pay and net pay for December, assuming her sales for the month are $72,000. 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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