Lorna Chavez is a line manager of Sunday Machine Works and is receiving a monthly salary...

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Lorna Chavez is a line manager of Sunday Machine Works and is receiving a monthly salary of P30,000. She is the head of the family with two dependents. She got a cash advance of P1,500 on March 20 to be deducted from her take home pay on March 31. a) How much is her monthly net taxable income? b) How much is her take home pay as at March 15? March 31? Use the SS contribution rate of 4%, 2.75% for Philhealth, 2% of P5,000 for Pag-ibig. Semi monthly taxable income Less Withholding tax SS for half month Gross Pay Less SS PH Pag-ibig Net Monthly Taxable Income Semi-monthly Taxable Income Pxx (xx) (xx) (xx) Pxx/2 Pxx Philhealth for half month Pag-ibig for half month Net earnings (take home pay) Pxx (xx) (xx) (xx) (xx) Prx Lorna Chavez is a line manager of Sunday Machine Works and is receiving a monthly salary of P30,000. She is the head of the family with two dependents. She got a cash advance of P1,500 on March 20 to be deducted from her take home pay on March 31. a) How much is her monthly net taxable income? b) How much is her take home pay as at March 15? March 31? Use the SS contribution rate of 4%, 2.75% for Philhealth, 2% of P5,000 for Pag-ibig. Semi monthly taxable income Less Withholding tax SS for half month Gross Pay Less SS PH Pag-ibig Net Monthly Taxable Income Semi-monthly Taxable Income Pxx (xx) (xx) (xx) Pxx/2 Pxx Philhealth for half month Pag-ibig for half month Net earnings (take home pay) Pxx (xx) (xx) (xx) (xx) Prx

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To calculate Lorna Chavezs monthly net taxable income take the following steps a Monthly Net Taxable ... View the full answer