Villanueva Company is headed by Ms. Marielle May Villanueva, President, and she is receiving P500,000 gross monthly salary. The company also employs 2 office supervisors and 10 staffs. The gross monthly compensation for every supervisor is P30,000 and for every staff is P15,000. The President receives her net pay every end of the month. In

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
Problem 14PA
icon
Related questions
Question
Villanueva Company is headed
by Ms. Marielle May Villanueva,
President, and she is receiving
P500,000 gross monthly
salary. The company also
employs 2 office supervisors
and 10 staffs. The gross
monthly compensation for
every supervisor is P30,000
and for every staff is P15,000.
The President receives her net
pay every end of the month. In
2021, if all employees, except
the President, is paid every
15th and end of the month,
what is the take home pay
every end of the month? *
O P447,413.17
O P619,597.50
O P595,612.50
O P605,000.00
Transcribed Image Text:Villanueva Company is headed by Ms. Marielle May Villanueva, President, and she is receiving P500,000 gross monthly salary. The company also employs 2 office supervisors and 10 staffs. The gross monthly compensation for every supervisor is P30,000 and for every staff is P15,000. The President receives her net pay every end of the month. In 2021, if all employees, except the President, is paid every 15th and end of the month, what is the take home pay every end of the month? * O P447,413.17 O P619,597.50 O P595,612.50 O P605,000.00
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Determination of Tax Liability
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
PAYROLL ACCT., 2019 ED.(LL)-TEXT
PAYROLL ACCT., 2019 ED.(LL)-TEXT
Accounting
ISBN:
9781337619783
Author:
BIEG
Publisher:
CENGAGE L
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning