4 Peta is married, filing joint with two other dependents, is paid $17.25 per hour, and receives commission on sales. No commission ispaid out until sales exceed $60,000. Once the minimum sales have been reached, the 7 percent commission on sales applies. For theweek 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.PetaNameTotalsFiling StatusMJ✓Dependents2 Other✔ $Hourly Rate orPeriod Wage17.25✓X Answer is complete but not entirely correct.Period Ended:Number ofOvertimeHoursNumber ofRegular Hours40.00✔8.00 $$RegularEarningsCommissions690.00✔ $690.00 $06/10/xxxxOvertimeEarnings1,050.00 $ 207.041,050.00 $ 207.04GrossEarnings$1,947.04$ 1,947.04

Gross pay is the total amount of money you earn before any deductions or taxes are taken out. It…

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.

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.

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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