Mianel, an employee of XYZ Corp. is receiving regular monthly compensation in the amount of ₱100,000. The monthly nontaxable deductions would be GSIS (₱ 9,000.00), Philhealth (₱ 687.50), and HDMF (₱ 100.00). Compute for the withholding tax due. Compute for the amount to be withheld.

Mianel, an employee of XYZ Corp. is receiving regular monthly compensation in the amount of ₱100,000. The monthly nontaxable deductions would be GSIS (₱ 9,000.00), Philhealth (₱ 687.50), and HDMF (₱ 100.00). Compute for the withholding tax due. Compute for the amount to be withheld.

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter3: Social Security Taxes

Section: Chapter Questions

Problem 2PB: During 2019, Matti Conner, president of Maggert Company, was paid a semimonthly salary of 6,000....

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Mianel, an employee of XYZ Corp. is receiving regular monthly compensation in the amount of
₱100,000. The monthly nontaxable deductions would be GSIS (₱ 9,000.00), Philhealth (₱ 687.50), and
HDMF (₱ 100.00). Compute for the withholding tax due. Compute for the amount to be withheld.

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