Question: 5. Old Manufacturing Corp. started its operations on Sept. 1 (Monday). Employees work from Monday to Friday based on a 40 hour workweek basis.

5. Old Manufacturing Corp. started its operations on Sept. 1 (Monday). Employees work from Monday to Friday based on a 40 hour workweek basis. Payroll is prepared on a weekly basis and paid on the following Wednesday. Gross salaries and wages: Headcount Daily Rate Direct Labor 32 P750 Indirect Labor 8 600 Selling 10 800 Administrative 5 640 Deductions & Contributions Withholding Tax SSS contributions Employee 20% 3.5% Employer 7.5% Philhealth contribution 1.375% 1.375% HDMF P100 I P100 EC Contribution P 10 (Ctrl)

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