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 your answer to 2 decimal places. )
A)$2,029.58
B)$1,770.83
C)$1,634.62
D)$1,893.37

Question

Quizplus · Accepted Answer

First, we need to calculate Bruce's commission for the month of May:

Commission = 0.25% of $103,500 = $258.75

Since Bruce is paid semimonthly, his salary for the first half of June would be:

Salary = $42,500 / 24 = $1,770.83

Adding his commission for May gives us his total gross pay for the first half of June:

Gross Pay = $1,770.83 + $258.75 = $2,029.58

Therefore, the answer is A) $2,029.58.

Bruce Is a Salaried Nonexempt Employee Who Earns $42,500 Annually,paid