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The following are the employees of MICROSOFT CORPORATION Name DENISE JOHNSON Monthly Salary $ 33000 Position Manager Tax Status Married, 3 dependents Gross Tax Status
The following are the employees of MICROSOFT CORPORATION Name DENISE JOHNSON Monthly Salary $ 33000 Position Manager Tax Status Married, 3 dependents Gross Tax Status WH Tax Net Pay Position Pay AXA ING BERKS HIRE ROBERT WILLIAMS Name of Employee $ 20000 Clerk Single, 1 dependent SELENA WAYNE $ 27000 Accountant Married, 1 dependent BEAVER JONES $ 16000 Driver Single Required: a) Fill up the payroll sheets provided for the month March for the current year using the appropriate tables. b) Make the entries to record the payroll for March. c) Compute for the employers' contribution liabilities. d) Make the entry to record the employer's contribution liabilities. e) Make the entry to record payment of liabilities to the appropriate agencies. f) NOTE: AXA ISNURANCE & ING Contributions are deducted on the 1st half of the month and BERKSHIRE INSURANCE and Withholding Taxes are deducted on the 2nd half of the month. Tax Status Gross Pay WH Tax Net Pay Position AXA ING BERKSHIRE Name of Employee Schedule of Employers' Contributions ING BERKSHIRE Name of Employee AXA & EC Computations for withholding tax base: ING Name of Employee Monthly Salary WH Tax Base AXA BERKSHIRE The following are the employees of MICROSOFT CORPORATION Name DENISE JOHNSON Monthly Salary $ 33000 Position Manager Tax Status Married, 3 dependents Gross Tax Status WH Tax Net Pay Position Pay AXA ING BERKS HIRE ROBERT WILLIAMS Name of Employee $ 20000 Clerk Single, 1 dependent SELENA WAYNE $ 27000 Accountant Married, 1 dependent BEAVER JONES $ 16000 Driver Single Required: a) Fill up the payroll sheets provided for the month March for the current year using the appropriate tables. b) Make the entries to record the payroll for March. c) Compute for the employers' contribution liabilities. d) Make the entry to record the employer's contribution liabilities. e) Make the entry to record payment of liabilities to the appropriate agencies. f) NOTE: AXA ISNURANCE & ING Contributions are deducted on the 1st half of the month and BERKSHIRE INSURANCE and Withholding Taxes are deducted on the 2nd half of the month. Tax Status Gross Pay WH Tax Net Pay Position AXA ING BERKSHIRE Name of Employee Schedule of Employers' Contributions ING BERKSHIRE Name of Employee AXA & EC Computations for withholding tax base: ING Name of Employee Monthly Salary WH Tax Base AXA BERKSHIRE
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