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CAN SOMEONE HELP ME SOLVE THESE BOTH ASAP? THANKS!! Analyze and solve the following problems. please answer both! Lucas Company employs 10 factory workers with
CAN SOMEONE HELP ME SOLVE THESE BOTH ASAP? THANKS!! Analyze and solve the following problems.
CAN SOMEONE HELP ME SOLVE THESE BOTH ASAP? THANKS!! Analyze and solve the following problems.
please answer both!
Lucas Company employs 10 factory workers with wage rate of Php50 per hour under the 40-hour week basis. Overtime pay is 125% of basic pay. 5 workers rendered 45 hours each during the week ending July 15, while the other 5 were assigned to night shift and rendered 40 hours each. The company policy is to add 10% of basic to night shift premium. Compute the amount to be debited to work-in-process and factory overhead to summarize the weekly payroll. Toto Company has a gross factory payroll of Php100,000, which is the basis in the computation of all contributions both employer's share and employee share. 10% for SSS, 3% for Philhealth, 1% for Pag-ibig contribution. Total Withholding Taxes amounted to Php12,000. Compute the amount: a. deducted from employees salaries b. employer's contribution c. remittance of these contribution to the respective agencies. d. net payrollStep by Step Solution
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