The following are the employees of the CARSON FACTORY's office and sales departments on page 376....

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The following are the employees of the CARSON FACTORY's office and sales departments on page 376. Almost the same payroll-related information are given below, except for their gross pays which are higher after about two(2) years. Employees Position Tax Status Gross Pay Per Month Mina Bartolome Cashier S P13,500 Dan Flores Salesman ME1 12,000 Amante Cruz Salesman ME 10,500 Eden Agulto Accountant M2 25,000 Rodel Bayani (General & Cost) Salesman S 12,600 They are still paid semi-monthly, every 15th and the end of the month, withholding taxes will be deducted twice a month, while SSS, Philhealth and Pag-ibig will be deducted only once on the 15th- a procedure more acceptable to the five(5) employees. With this revised timing-procedure, their take home at the end of the month is higher because only withholding tax is to be deducted. The following are the employees of the CARSON FACTORY's office and sales departments: Employees Position Tax Status Gross Pay Mina Bartolome Cashier Single (S) P9,000/month Dan Flores Salesman Married with one P8,000/month dependent child (ME1) Amante Cruz Salesman Married with no P7,000/month dependent (ME) Eden Agulto Rodel Bayani Accountant (General & Cost) Salesman Married with two P10,000/month dependent children(ME2) Single (S) P8,400/month The five (5) employees are usually paid semi-,monthly, every 15th and the end of the month. Withholding taxes will be deducted twice a month, while SSS, Philhealth, and Pag-ibig premiums will be deducted only once at the end of the month- a procedure acceptable to the five (5) employees. With this procedure, their take home pay is lesser at the end of the month, but bigger on the 15th because only withholding tax is deducted. Study the following computations carefully! CARSON FACTORY Payroll (sex-manthy) January 1-15, 2017 +2 Name of Employees Tax Gross Withholding Net Status Pay Tax(Sch. 1&2) Pay Mina Bartolome S P4,500.00 P231.07 P4,268.93 Dan Flores ME1 4,000.00 38.10 3,961.90 Amante Cruz ME 3,500.00 95.87 3,404.13 Eden Agulto ME2 5,000.00 26.87 4,973.13 Rodel Bayani S 4,200.00 189.01 4,010.99 Totals P21,200.00 P580.92 P20,619.08 The following are the employees of the CARSON FACTORY's office and sales departments on page 376. Almost the same payroll-related information are given below, except for their gross pays which are higher after about two(2) years. Employees Position Tax Status Gross Pay Per Month Mina Bartolome Cashier S P13,500 Dan Flores Salesman ME1 12,000 Amante Cruz Salesman ME 10,500 Eden Agulto Accountant M2 25,000 Rodel Bayani (General & Cost) Salesman S 12,600 They are still paid semi-monthly, every 15th and the end of the month, withholding taxes will be deducted twice a month, while SSS, Philhealth and Pag-ibig will be deducted only once on the 15th- a procedure more acceptable to the five(5) employees. With this revised timing-procedure, their take home at the end of the month is higher because only withholding tax is to be deducted. The following are the employees of the CARSON FACTORY's office and sales departments: Employees Position Tax Status Gross Pay Mina Bartolome Cashier Single (S) P9,000/month Dan Flores Salesman Married with one P8,000/month dependent child (ME1) Amante Cruz Salesman Married with no P7,000/month dependent (ME) Eden Agulto Rodel Bayani Accountant (General & Cost) Salesman Married with two P10,000/month dependent children(ME2) Single (S) P8,400/month The five (5) employees are usually paid semi-,monthly, every 15th and the end of the month. Withholding taxes will be deducted twice a month, while SSS, Philhealth, and Pag-ibig premiums will be deducted only once at the end of the month- a procedure acceptable to the five (5) employees. With this procedure, their take home pay is lesser at the end of the month, but bigger on the 15th because only withholding tax is deducted. Study the following computations carefully! CARSON FACTORY Payroll (sex-manthy) January 1-15, 2017 +2 Name of Employees Tax Gross Withholding Net Status Pay Tax(Sch. 1&2) Pay Mina Bartolome S P4,500.00 P231.07 P4,268.93 Dan Flores ME1 4,000.00 38.10 3,961.90 Amante Cruz ME 3,500.00 95.87 3,404.13 Eden Agulto ME2 5,000.00 26.87 4,973.13 Rodel Bayani S 4,200.00 189.01 4,010.99 Totals P21,200.00 P580.92 P20,619.08

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Under the revised timingprocedure the employees of the Carson Factory will be paid semimonthly with ... View the full answer