Maya Is Compensated Using a Salary-Plus-Commission Basis for Her Work

question 9

Multiple Choice

Maya is compensated using a salary-plus-commission basis for her work.Her annual base salary is $32,000.During a semimonthly pay period she made $18,500 in sales,for which she receives a 2% commission.Her gross pay for the semimonthly period is ________.(Do not round intermediate calculations.Round your answer to 2 decimal places. )

• A)$1,333.33
• B)$1,523.55
• C)$1,693.54
• D)$1,703.33

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Definitions:

Telephone Bill

A monthly statement charging an individual or company for the use of telephone services.

Expense

An outflow of cash or other valuable assets that a business incurs as a result of its operations intended to generate revenue.

Liability

Financial obligations or debts that a company owes, which are settled over time through the transfer of economic benefits including money, goods, or services.

Trial Balance

A report that lists all the balances of the general ledger accounts to check the correctness of bookkeeping entries.