Answered step by step
Verified Expert Solution
Question
1 Approved Answer
50 1. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amount to 20% of monthly income in
50 1. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amount to 20% of monthly income in excess of P1,000 if an employee works 40 hours in a 120 hours in a month. How much is the gross payroll? 2. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amount to 20% of monthly income in excess of P1,000 if an employee works 40 hours in a 120 hours in a month. How much is the net pay? 3. Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour A. Kuhol Laborer 45 B. Aileen Office Secretary C. Jose Laborer 50 D. Jay Factory Supervisor 55 E. Richmond Sales agent 52 60 F. Edward Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes 5% SSS contributions 3% Philhealth 1% Pag-ibig Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. How much is the gross payroll? 46 45 52 48 1%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started