The payroll of DD company for the month of October 2018 is presented below

Employees Gross pay SSS Philhealth Pag-ibig Taxable Withholding Net pay
Income Tax payable
19,000 760 285 100 17,855 0 17,855
1. Ana, FE
2. Rose, Sun 46,000 800 690 100 44,410 5,269.25 39,140.75
3. Fee, Ang 15,000 600 225 100 14,075 0 14,075
4. Ma, Ganda 47,000 800 705 100 45,395 5,515.50 39,879.50
Total 127,000 2,960 1,905 400 121,735 10,784.75 110, 950.25

Prepare a journal entry to record the above payroll. ( 3 pts) – item nos. 6-8

SALARIES EXPENSE 127,000

SSS PREMIUM PAYABLE 2,960
PHILHEALTH PREMIUM PAYABLE 1,905
PAG-IBIG PREMIUM PAYABLE 400
WITHHOLDING TAX PAYABLE 10,784,75
CASH 110,950.25

9-10 Prepare journal entry to record the share of DD’s SSS, Philhealth and Pag-ibig contribution expense.

Employees Gross pay Philhealth PAG IBIG EMPLOYER

SHARE
SSS
19,000 285 100 1,550
1. Ana, FE
2. Rose, Sun 46,000 690 100 1,630
3. Fee, Ang 15,000 225 100 1,230
4. Ma, Ganda 47,000 705 100 1,630
Total 127,000 1,905 400 6,040
 Monthly Salary EC
ary range SS Contribution
Credit Contribution

Employe Employe TOTAL ER

SSS r e CONTRIBUTION
6,040
PHILHEATHL CONTRIBUTION
BELOW – 2,250 2,000 160.00 80.00 240.00 10 1,905
PAG-IBIG CONTRIBUTION
400
SSS 2,250 – 2,749.99 2,500 200.00 100.00 300.00 10 PREMIUM
PAYABLE
6,040
2,750 – 3,249.99 3,000 240.00 120.00 360.00 10 PHILHEALTH
PREMIUM PAYABLE
1,905
PAG-IBIG PREMIUM
PAYABLE
3,250 – 3,749.99 3,500 280.00 140.00 420.00 10
400
TO RECORD
EMPLOYER’S 3,750 – 4,249.99 4,000 320.00 160.00 480.00 10 SHARE

SSS PREMIUM PAYABLE

4250 – 4,749.99 4,500 360.0 180.00 540.00 10 9,000
PHILHEALTH PREMIUM
PAYABLE 3,810
PAG IBIG PREMIUM 4,750 – 5249.99 5,000 400.00 200.00 600.00 10 PAYABLE
800
WITHHOLDING TAX PAYABLE
5,250 – 5,749.99 5,500 440.00 220.00 660.00 10 10,784.75
CASH

24,394.75
5,750 – 6,249.99 6,000 480.00 240.00 20.00 10 REMITTANCE
TO SSS, PHIC, PAG- IBIG AND BIR.

6,250 – 6,749.99 6,500 520.00 260.00 780.00 10

6,750 – 7,249.99 7,000 560.00 280.00 840.00 10

7,250 – 7,749.99 7,500 600.00 300.00 900.00 10

7,750 – 8,249.99 8,000 640.00 320.00 960.00 10

8,250 – 8,749.99 8,500 680.00 340.00 1,020.00 10