On is a salesperson who receives an annual salary of $24,000 paid semimonthly plus commissions of 5% of the retail price of each unit he sells which is paid. me final pay date of the month. During his first month of employment, he sold four units with a total retail price of $7,000 and requested a 5% draw against his 15,000 monthly minimum sales, in accordance with his employment agreement. How much should Alex receive in his gross pay for the end of his first month? Multiple Choice $1,000.00

On is a salesperson who receives an annual salary of $24,000 paid semimonthly plus commissions of 5% of the retail price of each unit he sells which is paid. me final pay date of the month. During his first month of employment, he sold four units with a total retail price of $7,000 and requested a 5% draw against his 15,000 monthly minimum sales, in accordance with his employment agreement. How much should Alex receive in his gross pay for the end of his first month? Multiple Choice $1,000.00

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 5PA

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