Grainne is an inside salesperson who earns an annual salary of $32,800 (paid biweekly) plus a commission on quarterly sales that is paid on the first pay date on the next quarter.She receives a 1% commission for quarterly sales totaling $0 to $25,000,a 2% commission for quarterly sales totaling between $25,001 and $50,000,and a 3% commission for quarterly sales totaling over $50,001.During the second quarter,Grainne's quarterly sales totaled $46,750.What is her gross pay for the first pay period in July? Do not round interim calculations.Round final answer to two decimal places.(Do not round interim calculations.Round final answer to 2 decimal places.)
A) $1,729.04
B) $2,301.67
C) $2,196.54
D) $2,664.04

Question

Quizplus · Accepted Answer

Grainne's biweekly salary is $32,800 / 26 = $1,261.54. Her commission for $46,750 in sales is 2% of $46,750, which is $935.00. Her gross pay for the first pay period in July is $1,261.54 + $935.00 = $2,196.54.

Grainne Is an Inside Salesperson Who Earns an Annual Salary