Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

With Solutions Please A B C D E F G H J K Monthly Monthly Monthly Yearly Yearly Yearly Monthly Yearly NO. TIN NAME GROSS

image text in transcribed

With Solutions Please

image text in transcribed
A B C D E F G H J K Monthly Monthly Monthly Yearly Yearly Yearly Monthly Yearly NO. TIN NAME GROSS SALARY TOTAL PERA & COLA RICE ALLOWANCE CLOTHING ALLOWANCE 13TH MONTH BONUS RATA HONORARIA 1-345-678-000 SOBERANO, LIZA 36,645.00 1,500.00 1,500.00 6,000.00 36,645.00 20,000.00 4,000.00 90,000.00 2 001-456-788-000 PADILLA, DANIELL 31,488.00 1,500.00 1,500.00 6,000.00 31,488.00 20,000.00 4,000.00 3 001-345-890-000 BERNARDO, KATHRYN 23,052.00 1,150.00 1,500.00 6,000.00 23,052.00 20,000.00 2,000.00 4 001-678-987-000 GIL, ENRIQUE 20,027.00 1,500.00 1,500.00 6,000.00 20,027.00 20,000.00 5 001-890-888-000 GRAY, CATRIONA 11,380.00 1,400.00 1,500.00 6,000.00 11,380.00 20,000.00 250.00 ADDITIONAL DETAILS a. The gross salary indicated includes SSS, Philhealth and Pag-ibig Premium Contributions b. On September 20, 2019, Catriona resigned and remained unemployed until December 31, 2019 C. All of them are purely compensation income earners REQUIREMENTS a Compute the Taxable Income and Tax Due of each employee b. Prepare the appropriate annual form used for income earners like them to be submitted to the BIR

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

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien

8th Canadian Edition

134453735, 9780134824680, 134824687, 9780134733081 , 978-0134453736

More Books

Students also viewed these Accounting questions

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago