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Computation of Deductions (Sanderson Employee's)

This document contains payroll information for Nathan Hope and Debi. It shows their basic monthly pay, calculations for tax withholding amounts, and deductions for social security, housing, and health contributions. Nathan's basic pay is 38,000 with a net pay of 34,758.33 after deductions. Debi receives higher basic pay amounts of 50,000 and then 75,000 in later periods, with correspondingly higher tax withholdings and deductions, resulting in net pays of 43,458.33 and 58,666.67 respectively.

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CHRISTOPHER DIAZ
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44 views6 pages

Computation of Deductions (Sanderson Employee's)

This document contains payroll information for Nathan Hope and Debi. It shows their basic monthly pay, calculations for tax withholding amounts, and deductions for social security, housing, and health contributions. Nathan's basic pay is 38,000 with a net pay of 34,758.33 after deductions. Debi receives higher basic pay amounts of 50,000 and then 75,000 in later periods, with correspondingly higher tax withholdings and deductions, resulting in net pays of 43,458.33 and 58,666.67 respectively.

Uploaded by

CHRISTOPHER DIAZ
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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NATHAN HOPE

TOTAL
BASIC PAY 38,000.00

WITHHOLDING TAX
BASIC PAY * 12 MONTHS
38,000.00 12 456,000.00
LESS 400,000.00
56,000.00
MULTIPLY BY 25% 0.25
14,000.00
DIVIDED BY 12 MONTHS 12.00
WITHHOLDING TAX PER MONTH 1,166.67

SALARY DEDUCTION
WITHHOLDING TAX 1,166.67
SSS 1,125.00
PAG IBIG 380.00
PHILHEALTH 570.00
TOTAL DEDUCTION 3,241.67

GROSS COMPENSATION 38,000.00


LESS DEDUCTIONS 3,241.67
NET PAY 34,758.33
DEBI
TOTAL
BASIC PAY 50,000.00

WITHHOLDING TAX
BASIC PAY * 12 MONTHS
50,000.00 12 600,000.00
LESS 400,000.00
200,000.00
MULTIPLY BY 25% 0.25
50,000.00
DIVIDED BY 12 MONTHS 12.00
WITHHOLDING TAX 4,166.67

SALARY DEDUCTION
WITHHOLDING TAX 4,166.67
SSS 1,125.00
PAG IBIG 500.00
PHILHEALTH 750.00
TOTAL DEDUCTION 6,541.67

GROSS COMPENSATION 50,000.00


LESS DEDUCTIONS 6,541.67
NET PAY 43,458.33
DEBI
TOTAL
BASIC PAY 75,000.00

WITHHOLDING TAX
BASIC PAY * 12 MONTHS
75,000.00 12 900,000.00
LESS 800,000.00
100,000.00
%MULTIPLY BY 30 0.30
30,000.00
PLUS 130,000 130,000.00
160,000.00
DIVIDED BY 12 MONTHS 12.00
WITHHOLDING TAX 13,333.33

SALARY DEDUCTION
WITHHOLDING TAX 13,333.33
SSS 1,125.00
PAG IBIG 1,125.00
PHILHEALTH 750.00
TOTAL DEDUCTION 16,333.33

GROSS COMPENSATION 75,000.00


LESS DEDUCTIONS 16,333.33
NET PAY 58,666.67

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