Solution-Find what amount reported as total payroll tax

Find what amount reported as total payroll tax liability

Reference no: EM132674236

Problem 1: Sonia Company reported gross payroll of $600,000 for the month of January. The entity paid the payroll net of the following deductions: Income tax - 70,000, SSS - 15,000, Philhealth - 8,000, Pagibig - 7,000, Total = 100,000. In addition, the entity recognized its additional contributions for the following in relation to January payroll: SSS - 20,000, Philhealth - 9,000, Pagibig - 6,000, Total = 35,000. What amount should be reported as total payroll tax liability?

Reference no: EM132674236

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Find what amount reported as total payroll tax liability

Reference no: EM132674236

Reference no: EM132674236

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