Ryan Corp has the following data for the month of December 2020. Gross Payroll Employee's Deductions:...
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Ryan Corp has the following data for the month of December 2020. Gross Payroll Employee's Deductions: SSS Contribution Philhealth Contribution Pag ibig Contribution Withholding Taxes The employers' taxes are as follows: SSS Contribution Philhealth Contribution Pag ibig Contribution The company distributes its total payroll as follows: Direct Labor Indirect Labor Administrative Sales Department The company also apportions employer's contribution as follows: Factory overhead Administrative Selling Compute the total amount of payroll to be charged in work in process account $5,000,000.00 100,000.00 30,000.00 30,000.00 500,000.00 200,000.00 30,000.00 30,000.00 50.00% 20.00% 25.00% 5.00% 70.00% 25.00% 5.00% Ryan Corp has the following data for the month of December 2020. Gross Payroll Employee's Deductions: SSS Contribution Philhealth Contribution Pag ibig Contribution Withholding Taxes The employers' taxes are as follows: SSS Contribution Philhealth Contribution Pag ibig Contribution The company distributes its total payroll as follows: Direct Labor Indirect Labor Administrative Sales Department The company also apportions employer's contribution as follows: Factory overhead Administrative Selling Compute the total amount of payroll to be charged in work in process account $5,000,000.00 100,000.00 30,000.00 30,000.00 500,000.00 200,000.00 30,000.00 30,000.00 50.00% 20.00% 25.00% 5.00% 70.00% 25.00% 5.00%
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Lets calculate stepbystep Calculate the total deductions for each employee SSS Philhealth PagIBIG withholding taxes Total Employee Deductions SSS Cont... View the full answer
Related Book For
Integrated Accounting
ISBN: 978-1285462721
8th edition
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
Posted Date:
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