Tax on P15 625 P2 083.33 Tax on excess (P9 375 x 0.30) P2 812.50 Semi-monthly withholding tax P4 895.83 Solve the following problems. 1. Zyra Delos Reyes receives a regular semi-monthly wage of P29 750 and earned P6 525 as her commission for July 2015. If she is single with one dependent, how much is her withholding tax for July 2015? 2. Myra Cruz receives a regular monthly salary of P60 000. If she is married with four qualified dependents, how much is Myra s monthly withholding tax? 3. Lizbeth Capulong is married with one qualified dependent. If she earns P34 750 monthly, how much is her monthly withholding tax? 4. Determine the monthly withholding tax of an employee who is single, has no dependent, and has a monthly income of P34 750. 5. An employee is single, has one dependent and earns P34 750 each month. How much is his or her monthly withholding tax? Reflect Upon Does an employee benefit from the income tax withheld from his or her salary? If yes, provide concrete examples. Read the article "How to Compute Withholding Tax on Compensation (BIR Philippines I- at hap://businesstips.ph/how-to-compute-withholding-tax-on- compensation-bir-philippines (last accessed on 1 August 2015) and answer the following. 1. What are the wages of employees (other than the minimum wage) that are subject to withholding tax? 2. What are the methods of computing tax withheld on compensation? 3. Identify the withholding tax tables used in computing withholding tax. 4. What are the steps in computing the amount of tax to be withheld? Beyond the Walls 1, Learn more about how to compute the SSS PhilHealth, and HDMF (Pag-IBIG Fund) contributions at http://www.pagibigfund.go'v.ph/home_pdf/RA9679.pdf "last accessed on 1 August 2015). Assume your monthly basic salary is P14 500, how much is your monthly SSS, PhilHealth, and HDMF (Pag-IBIG Fund) contributions? 2. Go to http://www.pagibigfund.gov.ph (last accessed on 1 August 2015) and learn more about HDMF/Pag-IBIG Fund, specifically how one can avail of a