Question

your current biweekly gross salary is $1,343.77. you also earn a 7% commission on your monthly sales. if last month you sold $34,000 of product, determine your last month’s gross salary pay. (hint: assume that there are two pay periods each month.)
a. $2,687.54 c. $4,978.32
b. $2,380.00 d. $5,067.54

please select the best answer from the choices provided

○ a
○ b
○ c
○ d

Explanation:

Step1: Calculate monthly salary from biweekly

Biweekly salary is $1,343.77, two pay periods a month. So monthly salary from this: $1,343.77 × 2 = $2,687.54.

Step2: Calculate commission

7% commission on $34,000 sales. Commission = 0.07 × $34,000 = $2,380.

Step3: Total monthly gross salary

Add monthly salary and commission: $2,687.54 + $2,380 = $5,067.54.

Answer:

D. $5,067.54