REVISED WITHHOLDING TAX TABLE FOR COMPENSATION DAILY 1 2 3 4 5 6 Compensation Range 685 and below 685-1,095 1,096-2,191 2,192-5,478 5,479-21,917 21,918 and above Prescribed Withholding Tax 0 0 + 20% over 685 82.19 + 25% over 1,096 356.16 + 30% over 2,192 1,342.47 + 32% over 5,479 6,602.74 + 35% over 21,918 WEEKLY 1 2 3 4 5 6 Compensation Range 4,808 and below 4,808-7691 7,692-15,384 15,385-38,461 38-462-153,845 153,846 and above Prescribed Withholding Tax 0 0 + 20% over 4,808 576.92 + 25% over 7,692 2,500 +30% over 15,385 9,423.08 + 32% over 38,462 46,346.15 + 35% over 153,846 SEMI-MONTHLY 1 2 3 4 5 6 Compensation Range 10,417 and below 10,417-16,666 16,667-33,332 33,333-83,332 83,333-333,332 333,333 and above Prescribed Withholding Tax 0 0 + 20% over 10,417 1,250 + 25% over 16,667 5,416.67 + 30% over 33,333 20,416.67 + 32% over 83,333 100,416.67 + 35% over 333,333 MONTHLY 1 2 3 4 5 6 Compensation Range 20,833 and below 20,833-33,332 33,333-66,666 66,667-166,666 166,667-666,666 666,667 and above Prescribed Withholding Tax 0 0 + 20% over 20,833 2,500 + 25% over 33,333 10,833.33 + 30% over 66,667 40,833.33 + 32% over 166,667 200,833.33 + 35% over 666,667 The following are the data given to you by Near Eastern University: Employees Name Status Compensation Frequency of payroll Rick Contractor (Pakyawan/Arawan) 537 Daily Morgan Probationary 900 Daily Nicanor Regular 20,000 Weekly Jack Regular 45,000 Semi-monthly Wilson Regular 150,000 Monthly Additional information: The company operates 26 working days in the month of September The statutory minimum wage rate is P 537 per day as per regional tripartite wage and productivity board How much withholding tax on compensation will Near Eastern University withhold on the salary of Wilson for the month of September?
46.
REVISED WITHHOLDING TAX TABLE FOR COMPENSATION
|
DAILY |
1 |
2 |
3 |
4 |
5 |
6 |
|
Compensation Range |
685 and below |
685-1,095 |
1,096-2,191 |
2,192-5,478 |
5,479-21,917 |
21,918 and above |
|
Prescribed Withholding Tax |
0 |
0 + 20% over 685 |
82.19 + 25% over 1,096 |
356.16 + 30% over 2,192 |
1,342.47 + 32% over 5,479 |
6,602.74 + 35% over 21,918 |
|
WEEKLY |
1 |
2 |
3 |
4 |
5 |
6 |
|
Compensation Range |
4,808 and below |
4,808-7691 |
7,692-15,384 |
15,385-38,461 |
38-462-153,845 |
153,846 and above |
|
Prescribed Withholding Tax |
0 |
0 + 20% over 4,808 |
576.92 + 25% over 7,692 |
2,500 +30% over 15,385 |
9,423.08 + 32% over 38,462 |
46,346.15 + 35% over 153,846 |
|
SEMI-MONTHLY |
1 |
2 |
3 |
4 |
5 |
6 |
|
Compensation Range |
10,417 and below |
10,417-16,666 |
16,667-33,332 |
33,333-83,332 |
83,333-333,332 |
333,333 and above |
|
Prescribed Withholding Tax |
0 |
0 + 20% over 10,417 |
1,250 + 25% over 16,667 |
5,416.67 + 30% over 33,333 |
20,416.67 + 32% over 83,333 |
100,416.67 + 35% over 333,333 |
|
MONTHLY |
1 |
2 |
3 |
4 |
5 |
6 |
|
Compensation Range |
20,833 and below |
20,833-33,332 |
33,333-66,666 |
66,667-166,666 |
166,667-666,666 |
666,667 and above |
|
Prescribed Withholding Tax |
0 |
0 + 20% over 20,833 |
2,500 + 25% over 33,333 |
10,833.33 + 30% over 66,667 |
40,833.33 + 32% over 166,667 |
200,833.33 + 35% over 666,667 |
The following are the data given to you by Near Eastern University:
|
Employees Name |
Status |
Compensation |
Frequency of payroll |
|
Rick |
Contractor (Pakyawan/Arawan) |
537 |
Daily |
|
Morgan |
Probationary |
900 |
Daily |
|
Nicanor |
Regular |
20,000 |
Weekly |
|
Jack |
Regular |
45,000 |
Semi-monthly |
|
Wilson |
Regular |
150,000 |
Monthly |
Additional information:
- The company operates 26 working days in the month of September
- The statutory minimum wage rate is P 537 per day as per regional tripartite wage and productivity board
How much withholding tax on compensation will Near Eastern University withhold on the salary of Wilson for the month of September?
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