PROBLEM 1

Basic Pay (P458.02 x 22 days) 10,076.34

Overtime (P57.25 x 18 hours x 125%) 1,288.17
Gross Pay 11,364.50
Less: Deductions
SSS 436.00
HDMF 100.00
Philhealth 137.50
Withholding Tax 849.03 1,522.53
NET PAY 9,841.97

Supporting Computations
Daily Rate (P10,000 x 12 / 262 days) 458.02
Hourly Rate (P458.02 / 8 hours) 57.25
Withholding Tax Computation
Gross Pay 11,364.50
Non Taxable Income
SSS 436.00
HDMF 100.00
Philhealth 125.00 661.00
Taxable Income 10,703.50
Using Monthly Tax Table
For P10,000 tax is 708.33
Excess [(P10,703.50 - P10,000) x 20%] 140.70
849.03
PAYROLL REGISTER
FOR JANUARY 2014

DAYS LEAV OT-REG REST DAILY RATE

Name TC E W/O TARDINESS DAY OT
WORKED PAY 125%(hrs) (130%) BASIC

1 BELLISTA, CASSANDRA S 1 45 10 8 384.62

2 LASCONA NOEMI M1 2 40 5 8 576.92
3 MADRID, ELLAISA M3 0.5 35 24 8 461.54
4 ENRIQUEZ, LARRY M 19 15 350.00

19 4 120 54.00 24.00 1,773.08

MONTHLY RATE LEAVE W/O REST DAY OT-REG
Regular pay TARDINESS GROSS PAY SSS PHIC
PAY OT (130%) 125%(hrs)

10,000.00 (384.62) (36.06) 500.00 600.96 10,680.29 381.50 125.00

15,000.00 (1,153.85) (48.08) 750.00 450.72 14,998.80 545.00 175.00
12,000.00 (230.77) (33.65) 600.00 1,730.77 14,066.35 508.70 175.00
6,650.00 - 820.31 7,470.31 272.50 100.00

43,650.00 (1,769.23) (117.79) 1,850.00 3,602.76 47,215.75 1,707.70 575.00

-

1 Single 2 Married 1 3 Married 3

10,680.29 14,998.80 14,066.35
606.50 820.00 783.70
10,073.79 14,178.80 13,282.65
10,000.00 12,083.00 12,917.00
73.79 2,095.80 365.65
0.20 0.20 0.15
14.76 419.16 54.85
708.33 708.33 208.33
723.09 1,127.49 263.18
 W/TAX- TOTAL
HDMF SSS Loan NET PAY
WAGES DEDUCTION SSS -
Employer

100.00 723.09 350.00 1,679.59 9,000.70 783.50

100.00 1,127.49 350.00 2,297.49 12,701.31 1,135.00
100.00 263.18 700.00 1,746.88 12,319.47 1,041.30
100.00 224.87 697.37 6,772.94 562.50

400.00 2,338.62 1,400.00 6,421.32 40,794.42 3,522.30

-

4 Married
7,470.31
472.50
6,997.81
6,667.00
330.81
0.05
16.54
208.33
224.87
 Account Title Debit Credit
Salaries and Wages 47,215.75
SSS, PHIC and HDMF Expense 4,497.30
SSS, PHIC and HDMF Payable 7,180.00
Withholding Tax Payable 2,338.62
SSS Loan Payable 1,400.00
Cash 40,794.42

SSS, PHIC and HDMF Payable 7,180.00

Withholding Tax Payable 2,338.62
SSS Loan Payable 1,400.00
Cash 10,918.62
PAYROLL REGISTER
FOR JANUARY 2014

DAYSLEAV TARDINESS OT-REG REST

DAILY RATE MONTHLY RATE
(in minutes)
(C) Regular pay
E W/O DAY OT (G)
Name TC WORKED 125%(hrs)
(A) PAY (D) (130%)
(B) (E)
BASIC
(F)=Gx12/312

1 BELLISTA, CASSANDRA S 1 45 10 8 384.62 10,000.00

2 LASCONA NOEMI M1 2 40 5 8 576.92 15,000.00
3 MADRID, ELLAISA M3 0.5 35 24 8 461.54 12,000.00
4 ENRIQUEZ, LARRY M 19 15 350.00 6,650.00

19 4 120 54.00 24.00 1,773.08 43,650.00

Note: A,B,C,D,E & G are given in the problem

LEAVE W/O TARDINESS REST DAY OT-REG
(I)=F/8xC/60
OT (130%) 125%(hrs) HDMF W/TAX-
SSS PHIC
(J)=F/8xEx1 (K)=F/8xDx GROSS PAY (O)=See WAGES
PAY (M)=See (N)=See
(L)=G-H-I+J+K HDMF (P)=Compute
(H)=BxF SSS Table PHIC Table
Table w/Tax Table
.30 1.25

(384.62) (36.06) 500.00 600.96 10,680.29 381.50 125.00 100.00 723.09

(1,153.85) (48.08) 750.00 450.72 14,998.80 545.00 175.00 100.00 1,127.49
(230.77) (33.65) 600.00 1,730.77 14,066.35 508.70 175.00 100.00 263.18
- 820.31 7,470.31 272.50 100.00 100.00 224.87

(1,769.23) (117.79) 1,850.00 3,602.76 47,215.75 1,707.70 575.00 400.00 2,338.62

-

1 Single 2 Married 1 3 Married 3 4

10,680.29 14,998.80 14,066.35
606.50 820.00 783.70
10,073.79 14,178.80 13,282.65
10,000.00 12,083.00 12,917.00
73.79 2,095.80 365.65
0.20 0.20 0.15
14.76 419.16 54.85
708.33 708.33 208.33
723.09 1,127.49 263.18
 Total SSS, Total SSS,
SSS Loan TOTAL PHIC and PHIC and
(Q)=Monthly DEDUCTION NET PAY PHIC - HDMF HDMF
Amortization (R)=M+N+O+ (S)=L-R Expense(Em Expense(Em
Schedule
SSS - Employer HDMF-
P Employer Share (See Employer ployer ployee
Share (See PHIC Share Share
Share (See
SSS Table) Table) HDMF Table)

350.00 1,679.59 9,000.70 783.50 125.00 100.00 1,008.50 606.50

350.00 2,297.49 12,701.31 1,135.00 175.00 100.00 1,410.00 820.00
700.00 1,746.88 12,319.47 1,041.30 175.00 100.00 1,316.30 783.70
697.37 6,772.94 562.50 100.00 100.00 762.50 472.50
- -
- -
- -
1,400.00 6,421.32 40,794.42 3,522.30 575.00 400.00 4,497.30 2,682.70
-

Married
7,470.31
472.50
6,997.81
6,667.00
330.81
0.05
16.54
208.33
224.87
Total SSS,
PHIC and
HDMF
Payable

Account Title Debit Credit

Salaries and Wages 47,215.75
1,615.00 SSS, PHIC and HDMF Expense 4,497.30
2,230.00 SSS, PHIC and HDMF Payable 7,180.00
2,100.00 Withholding Tax Payable 2,338.62
1,235.00 SSS Loan Payable 1,400.00
- Cash 40,794.42
-
- SSS, PHIC and HDMF Payable 7,180.00
7,180.00 Withholding Tax Payable 2,338.62
SSS Loan Payable 1,400.00
Cash 10,918.62