Direction: Act as an accountant. Enter the given data in excel and compute for the gross income, the exact amount of partial deductions, total deductions, and net pay.Deductions:SSS = 4%Philhealth = 1.50%Pagibig = 2%Tax = 12%(Please show the formula in excel) INCOMENameBasic MonthlySalarySSSAllowance Gross Income4%4 Magpayo, Lyn5 Quiambao, Jhaz6 Cruz, Runsel7 Garcia, Getha Niedao, Maine9 Mendoza, Rhoda10 Mallari, Tes11 Santon. Paula12 Urbano, JannenP20,000.00 P2,000.00P25,000.00 P2,000.00P30,000.00 P2,000.00P40,000.00 P2,000.00P450,000.00 P2,000.00P50,000.00 P2,000.00P55,000.00 P2,000.00P60,000.00 P2,000.00P65,000.00 P2.000.00 INCOMEDEDUCTIONSBaale MunthlySalaryNameS5s PHILHEALTH PAGIGTAXNET PAYAllwnce Gre IncomeTutalDeduntiene2%12%6 Cr, her7Garcia, GiethNda, MaineMenidann, thodato Mallari, Tes1 Sasten, Paula12 trtann laeenP20,000.00 P2.000 00Pa5,000.00 P2.000.00P0,000.00 P2000.00P0,000.00 P2.000.00PAS0,000.00 P2000.00PO0,000.00 P2000.00P000.00P2.000.00P0.000.0ol 2.000.0X0P5,000.00 P2.000.00

Note :All deductions are calculated on Gross income

Direction: Act as an accountant. Enter the given data in excel and compute for the gross income, the exact amount of partial deductions, total deductions, and net pay. Deductions: SSS = 4% Philhealth = 1.50% Pagibig = 2% Tax = 12% (Please show the formula in excel)

Direction: Act as an accountant. Enter the given data in excel and compute for the gross income, the exact amount of partial deductions, total deductions, and net pay. Deductions: SSS = 4% Philhealth = 1.50% Pagibig = 2% Tax = 12% (Please show the formula in excel)

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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Question

INCOME
Name
Basic Monthly
Salary
SSS
Allowance Gross Income
4%
4 Magpayo, Lyn
5 Quiambao, Jhaz
6 Cruz, Runsel
7 Garcia, Geth
a Niedao, Maine
9 Mendoza, Rhoda
10 Mallari, Tes
11 Santon. Paula
12 Urbano, Jannen
P20,000.00 P2,000.00
P25,000.00 P2,000.00
P30,000.00 P2,000.00
P40,000.00 P2,000.00
P450,000.00 P2,000.00
P50,000.00 P2,000.00
P55,000.00 P2,000.00
P60,000.00 P2,000.00
P65,000.00 P2.000.00

INCOME
DEDUCTIONS
Baale Munthly
Salary
Name
S5s PHILHEALTH PAGIG
TAX
NET PAY
Allwnce Gre Income
Tutal
Deduntiene
2%
12%
6 Cr, her
7Garcia, Gieth
Nda, Maine
Menidann, thoda
to Mallari, Tes
1 Sasten, Paula
12 trtann laeen
P20,000.00 P2.000 00
Pa5,000.00 P2.000.00
P0,000.00 P2000.00
P0,000.00 P2.000.00
PAS0,000.00 P2000.00
PO0,000.00 P2000.00
P000.00P2.000.00
P0.000.0ol 2.000.0X0
P5,000.00 P2.000.00

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