1. Journalize all the foregoing payroll transactions. 2. Prepare the pay slip of Alfonso Tianzon for the first half of May 2021.
1. Journalize all the foregoing payroll transactions. 2. Prepare the pay slip of Alfonso Tianzon for the first half of May 2021.
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 6SSQ
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12
Transcribed Image Text:Ms. Leona BeTigris, the owner of Just Relax Recreational Villa, hired three personnel in 2020. They
are Fides Puno, Zoe Salonga, and Alfonzo Tianzon, with monthly basic salary of $58,500, $46,900,
and P62,850, respectively.
It is the practice of the business to deduct Pag-IBIG and SSS contributions in the first half of the
month and Philhealth in the second half. Salaries are paid on the 22nd of the month for the first half
and on the 7th of the following month for the second half. All remittances (withholding taxes,
premiums, and contributions) are paid on the 10th day of the following month. The business is in
the process of preparing the payroll for the month of May 2021.
Payroll details for the first half (May 1 to 15) are as follows:
Employee
Pag-IBIG
SSS
Withholding Tax
P4,225.43
Fides Puno
100.00
Zoe Salonga
100.00
2,775.43
Alfonso Tianzon
100.00
4,769.18
Payroll details for the second half (May 16 to 31) are as follows:
Employee
Philhealth
Withholding Tax
Fides Puno
550.00
4,258.25
Zoe Salonga
550.00
2,808.25
Alfonso Tianzon
550.00
4,802.00
The following are the employer's share: Pag-IBIG, 300.00; SSS, #3,626.10; and Philhealth,
$1,650.00.
1. Journalize all the foregoing payroll transactions.
2. Prepare the pay slip of Alfonso Tianzon for the first half of May 2021.
581.30
581.30
581.30
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