Sonia Company reported gross payroll of P600,000 for the month of January. The entity paid the...
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Sonia Company reported gross payroll of P600,000 for the month of January. The entity paid the payroll net of the following deductions: Income tax 70,000 SSS 10,000 Philhealth 5,000 Pagibig 7,000 In addition, the entity recognized its additional contributions for the following in relation to January payroll: SSS 15,000 Philhealth 6,000 Pagibig 8,000 What is the total payroll tax liability? Sonia Company reported gross payroll of P600,000 for the month of January. The entity paid the payroll net of the following deductions: Income tax 70,000 SSS 10,000 Philhealth 5,000 Pagibig 7,000 In addition, the entity recognized its additional contributions for the following in relation to January payroll: SSS 15,000 Philhealth 6,000 Pagibig 8,000 What is the total payroll tax liability?
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To compute for the total payroll tax liability we need to consider the following Employee deductions ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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