Leon Ruiz works for Paschal Company, which pays its employees time-and-a-half for all hours worked in excess

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Leon Ruiz works for Paschal Company, which pays its employees time-and-a-half for all hours worked in excess of forty per week. Ruiz’s pay rate is $14.10 per hour. His wages are subject to federal income tax, a Social Security tax deduction at the rate of 6.2 percent, and a Medicare tax deduction at the rate of 1.45 percent. He is married and claims three exemptions. Ruiz has a halfhour lunch break during an eight-and-one-half-hour day. Ruiz’s beginning cumu¬

lative earnings are $34,541.

Complete the following using Ruiz’s time card shown on page 269:

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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