Note: It is the policy of the company to deduct the withholding tax every payroll and the

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Note: It is the policy of the company to deduct the withholding tax every payroll and the SSS, Pag-IBIG and PhilHealth are all deducted from the 2nd half of the month. Required: a) Prepare Schedules to determine semi-monthly contributions. b) Compute for semi-monthly taxable income and withholding taxes. c) Prepare a payroll sheet for January 1 to 15 and make an entry to record the payroll. d) Prepare a payroll sheet for January 16 to 31 and make an entry to record the payroll. e) Determine the monthly employer's contributions and make an entry to record liabilities. f) Entries to record the various payments made on February 13 to the different agencies.