Employee Details Employee Name: Miguel Cabrera Employee ID: 12345 Hire Date: 11 0ctober 2021 Bank Account number 12345678 Department: Sales Llob Title: Sales Manager Payments Taxable Income Basic Salary Commission Over time pay Gross Taxable Income Deductions SSS Contribution Pag-ibig Contribution PhảlHealth Contribution P1125 PhilHealth deduction SSS Deduction P44,000 37,500 10,000 P91,500 100 770 Total P1,995 Pag-ibig deduction Non-Taxable Income BIR Withholding Tax Computation Gross Taxable Income P91,500 1.995 P89,505 17,684.73 Rice Allowance Laundry Allowance Clothing Allowance Transportation Allowance 2,000 250 50 Less: Total Deductions Taxable Income Tax Due Net pay Tax due 2.000 P4,750 Total Non-Taxable Income Miguel Cabrera's Particulars of Salary NET PAY Taxable Income P09,50S Non-Taxable Income Less: Tax Due 4,750 17,684.73 sSS Deduction Pag-ibig deduction PhIHealth deduction Tax due Net pay Net pay P76,570.27
Employee Details Employee Name: Miguel Cabrera Employee ID: 12345 Hire Date: 11 0ctober 2021 Bank Account number 12345678 Department: Sales Llob Title: Sales Manager Payments Taxable Income Basic Salary Commission Over time pay Gross Taxable Income Deductions SSS Contribution Pag-ibig Contribution PhảlHealth Contribution P1125 PhilHealth deduction SSS Deduction P44,000 37,500 10,000 P91,500 100 770 Total P1,995 Pag-ibig deduction Non-Taxable Income BIR Withholding Tax Computation Gross Taxable Income P91,500 1.995 P89,505 17,684.73 Rice Allowance Laundry Allowance Clothing Allowance Transportation Allowance 2,000 250 50 Less: Total Deductions Taxable Income Tax Due Net pay Tax due 2.000 P4,750 Total Non-Taxable Income Miguel Cabrera's Particulars of Salary NET PAY Taxable Income P09,50S Non-Taxable Income Less: Tax Due 4,750 17,684.73 sSS Deduction Pag-ibig deduction PhIHealth deduction Tax due Net pay Net pay P76,570.27
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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