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How much will be the deduction for the employee monthly

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Reference no: EM132822564

Problem 1: For 2020, an employee receiving monthly gross salary P50,595, how much will be the deduction for the employee's monthly contribution to Philhealth?

Option 1: P1,530.00
Option 2: P765.00
Option 3: P701.25
Option 4: P892.50

Problem 2: To close the monthly balance of Output VAT and Input VAT to VAT Payable, this is initially recorded in

Option 1: General Journal
Option 2: General Ledger
Option 3: Cash Disbursement Journal
Option 4: Purchase Journal

Reference no: EM132822564

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