3. Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour A. Kuhol Laborer 45 50 B. Aileen Office Secretary 46 45 C. Jose D. Jay Laborer 50 52 Factory Supervisor 55 48 Sales agent Laborer E. Richmond 52 60 F. Edward 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes 5% SSS contributions 3% Philhealth 1% Pag-ibig 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. How much is the gross payroll?
3. Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour A. Kuhol Laborer 45 50 B. Aileen Office Secretary 46 45 C. Jose D. Jay Laborer 50 52 Factory Supervisor 55 48 Sales agent Laborer E. Richmond 52 60 F. Edward 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes 5% SSS contributions 3% Philhealth 1% Pag-ibig 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. How much is the gross payroll?
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 12EB: Reference Figure 12.15 and use the following information to complete the requirements. A. Determine...
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