Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can be you help me with my assignment? about current liabilities. thank you 10. Sonia Company reported gross payroll of P600,000 for the month of

Can be you help me with my assignment? about current liabilities. thank you

image text in transcribed
10. Sonia Company reported gross payroll of P600,000 for the month of January. The entity paid the payroll net of the following deductions: Income tax 70,000 SSS 10,000 Philhealth 5,000 Pagibig 7,000 In addition, the entity recognized its additional contributions for the following in relation to January payroll: SSS 15,000 Philhealth 6,000 Pagibig 8,000 What is the total payroll tax liability

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

5th Canadian edition

1259269868, 978-1259269868

More Books

Students also viewed these Accounting questions

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago