Name Position Gross Pay Withholding Tax

Paul Lee Accountant 12,500.00 416.60

Mark Barroca Clerk 8,750.00 -
Jio Jalalon Messenger 6,125.00 -
Chris Banchero Secretary 10,000.00 -
37,375.00 416.60

Name Position Gross Pay Withholding Tax

Paul Lee Accountant 12,500.00 416.60
Mark Barroca Clerk 8,750.00 -
Jio Jalalon Messenger 6,125.00 -
Chris Banchero Secretary 10,000.00 -
37,375.00 416.60

Paul Lee Mark Barroca

Gross Pay 12,500.00 Gross Pay
Less: SSS 281.25 Less: SSS
PHIC 187.50 PHIC
Hdmf 50.00 518.75 Hdmf
Net Taxable Income 11,981.25 Net Taxable Income
Paul Lee 10,417.00 12,500.00
20% 2,083.00
416.60
wtx

To Record the Payroll

15-Jul Salary Expense 37,375.00
Withholding taxes Payable 416.60
 SSS Premium Payable 843.75
Phic Premium Payable 560.63
Hdmf Premium Payable 200.00
Cash in bank 35,354.02

30-Jul Salary Expense 37,375.00

Withholding taxes Payable 416.60
SSS Premium Payable 843.75
Phic Premium Payable 560.63
Hdmf Premium Payable 200.00
Cash in bank 35,354.02
 MAGNOLIA HOTSHOTS COMPANY
PAYROLL SHEET
for the period January 1 -15, 2021
Social Security Philhealth
281.25 187.50
202.50 131.25
135.00 91.88
225.00 150.00
843.75 560.63

SPEEDY DELIVERY SERVICE

PAYROLL SHEET
for the period January 16 -31, 2021
Social Security Philhealth
281.25 187.50
202.50 131.25
135.00 91.88
225.00 150.00
843.75 560.63

8,750.00
202.50
131.25
50.00 383.75
8,366.25
Payment/Remittance
Withholding tax Payable

SSS PREMIUM PAYABLE

EC PREMIUM PAYABLE

PHIC PREMIUM EXPENSE

HDMF PREMIUM PAYABLE

HOTS COMPANY
L SHEET
uary 1 -15, 2021
HDMF Advances to Employees
50.00
50.00
50.00
50.00
200.00

ERY SERVICE
L SHEET
uary 16 -31, 2021
HDMF Advances to Employees
50.00
50.00
50.00
50.00
200.00

Jio Jalalon
Gross Pay
Less: SSS 135.00
PHIC 91.88
Hdmf 50.00
Net Taxable Income

To Record the Monthly Contribution Expenses

EMPLOYER SHARE
SSS
Paul Lee 2,125.00
Mark Barroca 1,530.00
Jio Jalalon 1,020.00
Chris Banchero 1,700.00
6,375.00
SSS PREMIUM EXPENSE 6,375.00
PHIC PREMIUM EXPENSE 1,121.26
EC PREMIUM EXPENSE 40.00
HDMF PREMIUM EXPENSE 400.00
SSS PREMIUM PAYABLE
PHIC PREMIUM PAYABLE
EC PREMIUM PAYABLE
HDMF PREMIUM PAYABLE

416.60
Cash in Bank 416.60

8,062.50
40.00
Cash in Bank 8,102.50

2,242.52
Cash in Bank 2,242.52

800.00
Cash in Bank 800.00
 Total Deduction Net Pay Signature
935.35 11,564.65
383.75 8,366.25
276.88 5,848.12
425.00 9,575.00
2,020.98 35,354.02

Total Deduction Net Pay Signature

935.35 11,564.65
383.75 8,366.25
276.88 5,848.12
425.00 9,575.00
2,020.98 35,354.02

Chris Banchero
6,125.00 Gross Pay 10,000.00
Less: SSS 225.00
PHIC 150.00
276.88 Hdmf 50.00 425.00
5,848.12 Net Taxable Income 9,575.00

PHIC EC HDMF TOTAL

375.00 10 100 2,610.00
262.50 10 100 1,902.50
183.76 10 100 1,313.76
300.00 10 100 2,110.00
1,121.26 40.00 400.00 7,936.26
6,375.00
1,121.26
40.00
400.00