In 2022, Yami, a factory worker, receives P20,000 as monthly gross compensation. The amount includes P2,500 as overtime premium pay. What is the amount charged to factory overhead control?
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In 2022, Yami, a factory worker, receives P20,000 as monthly gross compensation. The amount includes P2,500 as overtime premium pay. What is the amount charged to factory
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- In 2021, Mr. Crisanto Reyes, a Minimum Wage Earner, received the following from his employer:Annual minimum wage salary, P167,500;Holiday pay, overtime pay, and night shift differential pay, P10,000;13th-month pay, P13,000How much is his income tax due?H, a minimum-wage worker, got the following in 2018: a basic income of P 140,000, a 20,000-peso overtime bonus, a 10,000-peso night shift difference, and a 100,000-peso 13-month compensation. Z's taxable net profit is.B is a newly hired employee (November 2021) and has a monthly compensation package of a basic pay amounting to P20,000. How much will be deducted from his gross salary for his monthly SSS premium contribution? PhP2,630.00 PhP900.00 Php800.00 PhP2,430.00
- Ms. Berry is employed as an Accounts Manager in the Jamaican company ADM Limited. In 2022, she earned a monthly salary of $820,000.00. She also sits on the board of directors of FHC Company Limited where she receives director’s fees of $7,500.00 per month. She contributes 10% of her gross emoluments to the Superannuation Pension Plan. Under the Jamaican Labour Laws, every employee is expected to contribute 3% of their gross emoluments/ salaries up to a maximum of $3,000,000.00 p.a. Ms. Berry’s monthly statutory income is: a. $812,500 b. $820,000 c. $730,500 d. $737,250Ms. Berry is employed as an Accounts Manager in the Jamaican company ADM Limited. In 2022, she earned a monthly salary of $820,000.00. She also sits on the board of directors of FHC Company Limited where she receives director’s fees of $7,500.00 per month. She contributes 10% of her gross emoluments to the Superannuation Pension Plan. Under the Jamaican Labour Laws, every employee is expected to contribute 3% of their gross emoluments/ salaries up to a maximum of $3,000,000.00 p.a. Calculate Ms. Berry’s MONTHLY tax deduction under the PAYE system if the annual income tax threshold $1,500,096 p.a Persons with monthly income below$500,000 pay tax at 25% and those above pays tax at 30%.Ms. Berry is employed as an Accounts Manager in the Jamaican company ADM Limited. In 2022, she earned a monthly salary of $820,000.00. She also sits on the board of directors of FHC Company Limited where she receives director's fees of $7,500.00 per month. She contributes 10% of her gross emoluments to the Superannuation Pension Plan. Under the Jamaican Labour Laws, every employee is expected to contribute 3% of their gross emoluments/ salaries up to a maximum of $3,000,000.00 p.a. Calculate Ms. Berry's MONTHLY tax deduction under the PAYE system if the annual income tax threshold $1,500,096 p.a Persons with monthly income below$500,000 pay tax at 25% and those above pays tax at 30%. The monthly PAYE is: a.$162,748 b. $153,061 c.$164,923 d.$189,748
- Ms. Berry is employed as an Accounts Manager in the Jamaican company ADM Limited. In 2022, she earned a monthly salary of $820,000.00. She also sits on the board of directors of FHC Company Limited where she receives director's fees of $7,500.00 per month. She contributes 10% of her gross emoluments to the Superannuation Pension Plan. Under the Jamaican Labour Laws, every employee is expected to contribute 3% of their gross emoluments/ salaries up to a maximum of $3,000,000.00 p.a. Ms. Berry's monthly statutory income is: а.$730,500 b.$737,250 c.$820,000 d.$812,500Z, a poverty wages worker, earned the following in 2018: a basic income of P 140,000, a 20,000-peso overtime bonus, a 10,000-peso night shift difference, and a 100,000-peso 13-month bonus. Z's adjusted net earnings is. Ms Jane, a production worker earns P14,904 a month, and the company pays one month’ssalary as bonus at the end of the year. Ms Jane is also entitled to a half month paid vacation. Thecompany also pays P2,070 a year into a pension fund of the worker. All labor-related fringe benefits of production workers are treated as manufacturing overhead. Bonus, vacation pay,and pension costs are charged to production during the 11 ½ months the employee is at work.What is the total liability for bonus, vacation and pension?a. P2,484b. P2,124c. P2,540d. P1,206
- Mr. Mani started his new job in Burlington, Ontario on 15t January 2021 with Mandy's Inc. and gets his payment weekly. His annual salary package is $78,000. Each week his gross salary is $1500.00. His Federal claim code is 1 and Provincial claim code is 1. How much is the total Employee withholdings taxes (CPP, El & Income Tax) and employer's contribution (CPP & EI) for 2021 that will be submitted to CRA by Mandy's Inc. (Assume that Mr. Mani is the only employee of Mandy's Inc. for calendar year 2021) A.$24171.80 B.$23815.98 C.$27851.26 D.$25796.00Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as bonus at the end of the year. Ms. Rose also pays P2,070 a year into a pension fund of the worker. All labor-related fringe benefits of production workers are treated as manufacturing overhead. Bonus, vacation pay and pension costs are charged to production during the 11 and 1/2 months the employee is at work. What is the total liability for bonus, vacation and pension? SOLUTIONS MUST BE IN GOOD ACCOUNTING FORM. EXCEL FORM WILL ALSO BE GREAT!Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as a bonus at the end of the year. Ms. Rose also pays P2,070 a year into a pension fund of the worker. All labor-related fringe benefits of production workers are treated as manufacturing overhead. Bonus, vacation pay and pension costs are charged to production during the 11 and 1/2 months the employee is at work. What is the total liability for the bonus, vacation, and pension?