Refer to the BIR tax table. Determine the withholding income tax deduction for each employee below: a.
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Refer to the BIR tax table. Determine the withholding income tax deduction for each employee below:
a. Julie Perez is a regular employee with a monthly compensation amounting to P27,554 and with total statutory deductions of P1,439.15
b. Marlex Baron is a marketer in a beauty company receiving a total of P30,000 a month with statutory deduction of P1,506.30. Ms. Baron also received a commission income amounting to P5,500 for the month.
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DAILY 3. ME3 / S3 4. ME4 / S4 WEEKLY 2. ME2 / S2 3. ME3/S3 4. ME4 / S4 SEMI-MONTHLY Exemption Exemption 0.00 Status (000P) +0% over A Table for employees without qualified dependent 1. Z 0.0 2. S/ME 50.0 1 B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 2. ME2/S2 75.0 100.0 125.0 150.0 75.0 100.0 125.0 150.0 Exemption 0.0 50.0 1 75.0 100.0 1 125.0 150.0 1 1 1 0.00 +0% over 1 75.0 100.0 125.0 150.0 1 1 Exemption Status A Table for employees without qualified dependent 1. Z 0.0 2. S/ME 50.0 1 B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 1 0.00 +0% over 1 1 1 REVISED WITHHOLDING TAX TABLES Effective JANUARY 1, 2009 4 2 3 7 8 8.25 28.05 74.26 165.02 412.54 0.00 1.65 +5% over +10% over +15% over +20% over + 25% over +30% over +32% over Status A. Table for employees without qualified dependent 1. Z 1 1 REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE 1 1 0 165 248 330 413 495 0 962 1,442 1,923 2,404 2,885 2 S4 Legend: Z-Zero exemption S-Single ME-Married Employee S/ME=P50,000 EACH WORKING EMPLOYEE 0 2,083 Status A Table for employees without qualified dependent 1. Z 0.0 2. S/ME 50.0 2. S/ME B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 2. ME2/S2 3. ME3/S3 4. ME4/S4 MONTHLY 3,125 4,167 5,208 6,250 3 2 20.83 0.00 +5% over +10% over 33 198 281 363 0 4,167 446 528 192 1,154 3 1,635 2,115 2 5 6 7 9.62 48.08 163.46 432.69 961.54 0.00 +5% over + 10% over +15% over +20% over +25% over +30% over +32% over 2,596 3,077 417 2,500 3,542 4,583 3 5,625 6,667 B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 2. ME2/S2 3. ME3/S3 4. ME 833 5,000 99 264 4 347 429 512 594 577 1,538 2,019 2,500 2,981 3,462 1,250 3,333 5 4,375 5,417 6,458 7,500 231 396 479 561 644 726 2,500 6,667 1,346 2,308 2,788 3,269 3,750 4,231 2,917 5,000 6 6,042 7,083 462 627 710 792 875 957 5,833 10,000 2,692 3,654 Annex "C" 4,135 4,615 5,096 5,577 825 990 1,073 1,155 1,238 1,320 4 5 6 7 8 104.17 354.17 937.50 2,083.33 5,208.33 +15% over +20% over + 25% over +30% over +32% over 1 5 6 7 8 4 208.33 708.33 0.00 41.67 0.00 1,875.00 4,166.67 10,416.67 +0% over +5% over + 10% over +15% over +20% over +25% over +30% over +32% over 4,808 5,769 6,250 7,083 8,750 9,167 10,833 8,333 10,417 11,250 12,917 12,500 13,333 15,000 1:2:3-4-Number of qualified dependent children Qualified Dependent Child = P25.000 each but not exceeding four (4) children 6,250 6,731 7,212 7,692 8,958 13,542 10,000 14,583 8,125 11,042 15,625 9,167 12,083 16,667 1,650 1,815 1,898 1,980 2,063 2,145 8 2,403.85 9,615 10,577 5,833 10.417 20,833 7,917 12.500 22,917 12,083 27,083 17,917 14,167 20,000 29,167 16,250 22,083 31,250 18,333 24,167 33,333 11,058 11,538 12,019 12,500 23,958 25,000 26,042 27,083 11,667 20,833 41,667 15,833 25,000 45,833 47,917 50,000 52,083 54,167 DAILY 3. ME3 / S3 4. ME4 / S4 WEEKLY 2. ME2 / S2 3. ME3/S3 4. ME4 / S4 SEMI-MONTHLY Exemption Exemption 0.00 Status (000P) +0% over A Table for employees without qualified dependent 1. Z 0.0 2. S/ME 50.0 1 B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 2. ME2/S2 75.0 100.0 125.0 150.0 75.0 100.0 125.0 150.0 Exemption 0.0 50.0 1 75.0 100.0 1 125.0 150.0 1 1 1 0.00 +0% over 1 75.0 100.0 125.0 150.0 1 1 Exemption Status A Table for employees without qualified dependent 1. Z 0.0 2. S/ME 50.0 1 B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 1 0.00 +0% over 1 1 1 REVISED WITHHOLDING TAX TABLES Effective JANUARY 1, 2009 4 2 3 7 8 8.25 28.05 74.26 165.02 412.54 0.00 1.65 +5% over +10% over +15% over +20% over + 25% over +30% over +32% over Status A. Table for employees without qualified dependent 1. Z 1 1 REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE 1 1 0 165 248 330 413 495 0 962 1,442 1,923 2,404 2,885 2 S4 Legend: Z-Zero exemption S-Single ME-Married Employee S/ME=P50,000 EACH WORKING EMPLOYEE 0 2,083 Status A Table for employees without qualified dependent 1. Z 0.0 2. S/ME 50.0 2. S/ME B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 2. ME2/S2 3. ME3/S3 4. ME4/S4 MONTHLY 3,125 4,167 5,208 6,250 3 2 20.83 0.00 +5% over +10% over 33 198 281 363 0 4,167 446 528 192 1,154 3 1,635 2,115 2 5 6 7 9.62 48.08 163.46 432.69 961.54 0.00 +5% over + 10% over +15% over +20% over +25% over +30% over +32% over 2,596 3,077 417 2,500 3,542 4,583 3 5,625 6,667 B. Table for single/married employee with qualified dependent child(ren) 1. ME1/S1 1 2. ME2/S2 3. ME3/S3 4. ME 833 5,000 99 264 4 347 429 512 594 577 1,538 2,019 2,500 2,981 3,462 1,250 3,333 5 4,375 5,417 6,458 7,500 231 396 479 561 644 726 2,500 6,667 1,346 2,308 2,788 3,269 3,750 4,231 2,917 5,000 6 6,042 7,083 462 627 710 792 875 957 5,833 10,000 2,692 3,654 Annex "C" 4,135 4,615 5,096 5,577 825 990 1,073 1,155 1,238 1,320 4 5 6 7 8 104.17 354.17 937.50 2,083.33 5,208.33 +15% over +20% over + 25% over +30% over +32% over 1 5 6 7 8 4 208.33 708.33 0.00 41.67 0.00 1,875.00 4,166.67 10,416.67 +0% over +5% over + 10% over +15% over +20% over +25% over +30% over +32% over 4,808 5,769 6,250 7,083 8,750 9,167 10,833 8,333 10,417 11,250 12,917 12,500 13,333 15,000 1:2:3-4-Number of qualified dependent children Qualified Dependent Child = P25.000 each but not exceeding four (4) children 6,250 6,731 7,212 7,692 8,958 13,542 10,000 14,583 8,125 11,042 15,625 9,167 12,083 16,667 1,650 1,815 1,898 1,980 2,063 2,145 8 2,403.85 9,615 10,577 5,833 10.417 20,833 7,917 12.500 22,917 12,083 27,083 17,917 14,167 20,000 29,167 16,250 22,083 31,250 18,333 24,167 33,333 11,058 11,538 12,019 12,500 23,958 25,000 26,042 27,083 11,667 20,833 41,667 15,833 25,000 45,833 47,917 50,000 52,083 54,167
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To determine the withholding income tax deduction for each employee well need to follow the BIR tax ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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