Compute the net pay for each employee and answer the additional requirements that follow: Deductions Employee Basic Pay SSS Philhealth Withholding Tax P 3,933.84 Ericka Bilango P40,300.00 P581.30 P550.00 P100.00 Alani Ching 37,600.00 581.30 517.00 100.00 3,267.09 Audrey Tan 35,500.00 581.30 488.13 100.00 2,749.31 1. How much is the total Salaries Expense? 2. How much is the total payroll deductions? 3. How much is the total credit to Cash upon payment of salaries? Is this the same as the take-home pay? Pag-IBIG

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Compute the net pay for each employee and answer the additional requirements that follow:
Deductions
Employee
Basic Pay
SSS
Philhealth
Withholding Tax
Ericka Bilango
40,300.00
581.30
550.00
100.00
P 3,933.84
Alani Ching
37,600.00
581.30
517.00
100.00
3,267.09
Audrey Tan
35,500.00
581.30
488.13
100.00
2,749.31
1. How much is the total Salaries Expense?
2. How much is the total payroll deductions?
3. How much is the total credit to Cash upon payment of salaries? Is this the same as the
take-home pay?
Pag-IBIG
Transcribed Image Text:Compute the net pay for each employee and answer the additional requirements that follow: Deductions Employee Basic Pay SSS Philhealth Withholding Tax Ericka Bilango 40,300.00 581.30 550.00 100.00 P 3,933.84 Alani Ching 37,600.00 581.30 517.00 100.00 3,267.09 Audrey Tan 35,500.00 581.30 488.13 100.00 2,749.31 1. How much is the total Salaries Expense? 2. How much is the total payroll deductions? 3. How much is the total credit to Cash upon payment of salaries? Is this the same as the take-home pay? Pag-IBIG
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