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Damien Carranza is an nonexempt employee of Verent Enterprises where he is a salesperson, earning a...

Damien Carranza is an nonexempt employee of Verent Enterprises where he is a salesperson, earning a base annual salary of $33,250 plus a 3 percent commission on all sales during the pay period. During the weekly pay period ending August 25, Damien closed $27,600 in sales and worked 4 hours overtime. Please let me know as soon as you can because this is the only one left to do. Thanks

Accounting 145. payroll. McGraw Hill

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Answer #2
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Explanation :  

Damien Carranza's Base annual salary = 33,250 + 3% commission on sales.
His weekly rate = (33,250/ 52 weeks) = $639
His hourly rate = 639/40 hours = $15.986
Overtime rate = $15.625 x 1.5 times = $23.978
Damien Carranza's Gross Pay,
= Weekly rate + Overtime pay + 3% of sales
= $639 + (4 hours x $23.978) + 3% of (27,600)
= $(639 + 95.91 + 828)
= $1,562.91
Note: Pay period is assumed to be of 1 week.
Hence, Damien Carranza's Gross Pay is $1562.91
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