Maya is compensated using a salary-plus-commission basis for her work. Her annual base salary is $32,000. During a semimonthly pay period she made $18,500 in sales, for which she receives a 2% commission. Her gross pay for the semimonthly period is ________. (Do not round interim calculations. Round final answer to 2 decimal places.)
A) $1,333.33
B) $1,523.55
C) $1,693.54
D) $1,703.33

Question

Quizplus · Accepted Answer

First, we need to calculate Maya's commission for the period:

Commission = $18,500 * 0.02 = $370

Next, we can calculate her total gross pay for the period by adding her base salary and commission:

Gross pay = Base salary + Commission = $32,000/12 * 15 days + $370 = $1,703.33

Therefore, the correct answer is D, $1,703.33.

Maya Is Compensated Using a Salary-Plus-Commission Basis for Her Work