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Bruce is a salaried nonexempt employee who earns $42,500 annually, paid semimonthly, plus a 0.25% commission on all regional sales, paid monthly on the first pay date of the following month. During the month of May, the regional sales were $103,500. What was his gross pay for the first half of June?
(Do not round intermediate calculations. Round final answer to 2 decimal places.)A. $2,029.58B. $1,770.83C. $1,634.62D. $1,893.37

Respuesta :

Answer:

A. $2,029.58

Explanation:

The computation of the gross pay for the first half of June is shown below:

= Regional sales × commission percentage + earning × number of months ÷ total number of months in a year

= $103,500 × 0.25% + $42,500  ÷ 12 months × 2 months

= $258.75 + $1,770.83

= $2,029.58

Since it is given that semi monthly, so we take 24 months.

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