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Peta is married, filing joint with two other dependents, is paid $17.25 per hour, and receives commission on sales. No commission is paid out until sales exceed $60,000. Once the minimum sales have been reached, the 7 percent commission on sales applies. For the week ending June 10, there was 48 hours worked and $75,000 of medicinal supplies sold. Required: Compute Peta's gross pay for the week. Note: Round your answers to 2 decimal places. Peta * Answer is complete but not entirely correct. Period Ended: 06/10/xxxx Name Filing Status Dependents Hourly Rate or Period Wage Number of Regular Hours Number of Overtime Regular Earnings Commissions Hours Overtime Earnings Gross Earnings MJ 2 Other 17.25 40.00 8.00 $ Totals $ 690.00 $ 690.00 $ 1,050.00 1,050.00 $207.04 $ 1,947.04 $ 207.04 $ 1,947.04

Peta is married, filing joint with two other dependents, is paid $17.25 per hour, and receives commission on sales. No commission is paid out until sales exceed $60,000. Once the minimum sales have been reached, the 7 percent commission on sales applies. For the week ending June 10, there was 48 hours worked and $75,000 of medicinal supplies sold. Required: Compute Peta's gross pay for the week. Note: Round your answers to 2 decimal places. Peta * Answer is complete but not entirely correct. Period Ended: 06/10/xxxx Name Filing Status Dependents Hourly Rate or Period Wage Number of Regular Hours Number of Overtime Regular Earnings Commissions Hours Overtime Earnings Gross Earnings MJ 2 Other 17.25 40.00 8.00 $ Totals $ 690.00 $ 690.00 $ 1,050.00 1,050.00 $207.04 $ 1,947.04 $ 207.04 $ 1,947.04

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Peta is married, filing joint with two other dependents, is paid $17.25 per hour, and receives commission on sales. No commission is paid out until sales exceed $60,000. Once the minimum sales have been reached, the 7 percent commission on sales applies. For the week ending June 10, there was 48 hours worked and $75,000 of medicinal supplies sold. Required: Compute Peta's gross pay for the week. Note: Round your answers to 2 decimal places. Peta * Answer is complete but not entirely correct. Period Ended: 06/10/xxxx Name Filing Status Dependents Hourly Rate or Period Wage Number of Regular Hours Number of Overtime Regular Earnings Commissions Hours Overtime Earnings Gross Earnings MJ 2 Other 17.25 40.00 8.00 $ Totals $ 690.00 $ 690.00 $ 1,050.00 1,050.00 $207.04 $ 1,947.04 $ 207.04 $ 1,947.04
Transcribed Image Text:Peta is married, filing joint with two other dependents, is paid $17.25 per hour, and receives commission on sales. No commission is paid out until sales exceed $60,000. Once the minimum sales have been reached, the 7 percent commission on sales applies. For the week ending June 10, there was 48 hours worked and $75,000 of medicinal supplies sold. Required: Compute Peta's gross pay for the week. Note: Round your answers to 2 decimal places. Peta * Answer is complete but not entirely correct. Period Ended: 06/10/xxxx Name Filing Status Dependents Hourly Rate or Period Wage Number of Regular Hours Number of Overtime Regular Earnings Commissions Hours Overtime Earnings Gross Earnings MJ 2 Other 17.25 40.00 8.00 $ Totals $ 690.00 $ 690.00 $ 1,050.00 1,050.00 $207.04 $ 1,947.04 $ 207.04 $ 1,947.04
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