14. Ethel Corp. Has the following data for the month of March 2021: Gross Payroll P1,000,000 Employee's deductions: SSS Contribution P20,000 Philhealth 10,000 PAg-ibig 10,000 Witholding taxes 100,000 The employer share of mandatory deductions are as follows: SSS Contribution P40,000 Philhealth 10,000 Pag-ibig 10,000 The company distributes its total payroll as folows: 50% to direct labor; 20% tc indirect labor; 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% te administrative and 5% to selling expenses. What is the total accrued payroll?
14. Ethel Corp. Has the following data for the month of March 2021: Gross Payroll P1,000,000 Employee's deductions: SSS Contribution P20,000 Philhealth 10,000 PAg-ibig 10,000 Witholding taxes 100,000 The employer share of mandatory deductions are as follows: SSS Contribution P40,000 Philhealth 10,000 Pag-ibig 10,000 The company distributes its total payroll as folows: 50% to direct labor; 20% tc indirect labor; 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% te administrative and 5% to selling expenses. What is the total accrued payroll?
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
Problem 12PB
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Transcribed Image Text:14. Éthel Corp. Has the following data for the month of March 2021:
Gross Payroll
P1,000,000
Employee's deductions:
SSS Contribution
P20,000
Philhealth
10,000
PAg-ibig
10,000
Witholding taxes
100,000
The employer share of mandatory deductions are as follows:
SSS Contribution
P40,000
Philhealth
10,000
Pag-ibig
10,000
The company distributes its total payroll as foilows: 50% to direct labor; 20% to
indirect labor; 25% to administrative and 5% to sales salary. The company also
apportions employer's contribution as follows: 70% to factory overhead; 25% to
administrative and 5% to selling expenses.
What is the total accrued payroll?
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