Mike is a salesperson in a retail carpet store. He is paid $500 base salary per month

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Mike is a salesperson in a retail carpet store. He is paid $500 base salary per month plus 5% commission on sales over $10,000. His sales this month were $23,750. His total deductions were $152.75. What is Mike’s net pay?

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Accounting Information Systems basic concepts and current issues

ISBN: 978-0078025334

3rd edition

Authors: Robert Hurt

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Posted Date: Jan 25, 2023 03:00 AM

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Mike is a salesperson in a retail carpet store. He is paid $500 base salary per month

Question:

Mike is a salesperson in a retail carpet store. He is paid $500 base salary per month plus 5% commission on sales over $10,000. His sales this month were $23,750. His total deductions were $152.75. What is Mike’s net pay?

Expert Answer:

To find Mikes pay we first need to calculate his commission ... View the full answer

Accounting Information Systems basic concepts and current issues

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