To my BSA1A - Solve This Problem

BSA1A,
         I know you have attended the Sunday Mass and you are now ready to study. Work on your assignment as follows:

PROBLEM:

The following are employees of Batulao Company :
         Name                            Status                                  Monthly Salary            

         Ms X                             Single                                    P  10,000

         Mr. Co                          Married                                     15,000

         Mrs. Masipag                Married, 1 dependent                 18,000

         Mr. Responsable           Married, 2 dependents                18,000

         Ms. Rosa Linda             Single, head of the family             20,000

         Mrs. Tea Matiisin          Married, 5 dependents                20,000

         Mr. Sobre Monte          Married, 4 dependents                25,000

        Mr. Tiago Matiaga         Married, 6 dependents                 28,000 

Required: (Use a 10 or 12 column worksheet)

1. Compute for the amount of Witholding Tax, Philhealth, SSS, and Pag-ibig,  that will  be deducted from their salaries assuming that Batulao Co. payroll is every 15th and 30th of the month. Withholding tax is deducted every payroll date while the rest is deducted only every end of the month. (Prepare a Payroll Sheet)

2. Prepare the necessary journal entries on the 15th and 30th of August 2010.

3. Prepare the necessary journal entries assuming Batulao Co. will remit to BIR and SSS on September 10, 2010.

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