Question: please help to answer all of this with explaination please Read the problem and provide what is being required. The data below pertains to the
please help to answer all of this with explaination please
Read the problem and provide what is being required. The data below pertains to the earnings of Peter Castro for the week ended June 16, 2020. Hours and rate 42 hours worked at P 40 an hour Earnings to date P 14.00 Overtime rate One and a half the regular arte for hours worked in excess of 40 hours. Withholding tax 3% of gross earnings SSS contributions 2% of gross earnings PHIC contribution 1% of gross earnings Pag-ibig contribution 1% of gross earnings What is the net pay of Peter Castro for the week? F The Sangre Corpoartion is a manufacturing concern that employs six peple on an hourly basis. The following data relate to the week ended October 31, 2020. Hours Worked Hourly Cumulative Total Rate Through 10/24/2020 Employee Su Tu W Th Sa K.Reyes 8 8 8 8 8 P14 P21,900 W. Santos 8 9 8 8 9 26.00 49 200 A Manalo 8 10 8 9 17.50 29.600 T. Cruz 10 8 8 9 10.30 15,890 8 L. Sante 8 8 9 8 4. 8.50 13,560 R. Webb 8 8 8 8 8 23.00 46,180 4 8 8 6.2% Instructions 1. Compute net earnings of each employee for the week, assuming the following deductions Income tax 15% SSS PHIC 1 5% Pag-ibig 1.5% Union dues P10 per employee Employees are paid one and one-half times the regular rate for hours worked over 40 2. Prepare journal entry to record payroll . Read the problem and provide what is being required. The data below pertains to the earnings of Peter Castro for the week ended June 16, 2020. Hours and rate 42 hours worked at P 40 an hour Earnings to date P 14.00 Overtime rate One and a half the regular arte for hours worked in excess of 40 hours. Withholding tax 3% of gross earnings SSS contributions 2% of gross earnings PHIC contribution 1% of gross earnings Pag-ibig contribution 1% of gross earnings What is the net pay of Peter Castro for the week? F The Sangre Corpoartion is a manufacturing concern that employs six peple on an hourly basis. The following data relate to the week ended October 31, 2020. Hours Worked Hourly Cumulative Total Rate Through 10/24/2020 Employee Su Tu W Th Sa K.Reyes 8 8 8 8 8 P14 P21,900 W. Santos 8 9 8 8 9 26.00 49 200 A Manalo 8 10 8 9 17.50 29.600 T. Cruz 10 8 8 9 10.30 15,890 8 L. Sante 8 8 9 8 4. 8.50 13,560 R. Webb 8 8 8 8 8 23.00 46,180 4 8 8 6.2% Instructions 1. Compute net earnings of each employee for the week, assuming the following deductions Income tax 15% SSS PHIC 1 5% Pag-ibig 1.5% Union dues P10 per employee Employees are paid one and one-half times the regular rate for hours worked over 40 2. Prepare journal entry to record payroll
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