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

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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How much is his total deductions? *
How much is his gross pay? *
Transcribed Image Text:How much is his total deductions? * How much is his gross pay? *
Employee Details
Employee Name: Miguel Cabrera
Employee ID: 12345
Hire Date: 11 October 2021
Bank Account numben 12345678
Department Sales
Tob Title: Sales Manager
Payments
Taxable Income
Basic Salary
Commission
Over time pay
Gross Taxable Income
Deductions
SSS Contribution
Pag-ibig Contribution
PL125
100
770
P1,995
PhilHealth
deduction
SSS Deduction
P44,000
37,500
10,000
P91,500
PhalHealth Contribution
Total
Pag-ibig
deduction
Non-Taxable Income
BIR Withholding Tax Computation
Gross Taxable Income
Less: Total Deductions
Taxable Income
Tax Due
P91,500
1,995
P89,505
17,684.73
Rice Allowance
Laundry Allowance
Clothing Allowance
Transportation Allowance
Total Non-Taxable Income
2,000
250
50
2.000
P4,750
Net pay
Tаx due
NET PAY
Taxable Income
Miguel Cabrera's Particulars of
Salary
Non-Taxable Income
Less: Tax Due
P09,50S
4,750
17,684.73
SSS Deduction Pag-ibig deduction PhiHealth deduction Tax due Net pay
Net pay
P76,570.27
Transcribed Image Text:Employee Details Employee Name: Miguel Cabrera Employee ID: 12345 Hire Date: 11 October 2021 Bank Account numben 12345678 Department Sales Tob Title: Sales Manager Payments Taxable Income Basic Salary Commission Over time pay Gross Taxable Income Deductions SSS Contribution Pag-ibig Contribution PL125 100 770 P1,995 PhilHealth deduction SSS Deduction P44,000 37,500 10,000 P91,500 PhalHealth Contribution Total Pag-ibig deduction Non-Taxable Income BIR Withholding Tax Computation Gross Taxable Income Less: Total Deductions Taxable Income Tax Due P91,500 1,995 P89,505 17,684.73 Rice Allowance Laundry Allowance Clothing Allowance Transportation Allowance Total Non-Taxable Income 2,000 250 50 2.000 P4,750 Net pay Tаx due NET PAY Taxable Income Miguel Cabrera's Particulars of Salary Non-Taxable Income Less: Tax Due P09,50S 4,750 17,684.73 SSS Deduction Pag-ibig deduction PhiHealth deduction Tax due Net pay Net pay P76,570.27
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