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What would be the entry to record mr cruz payroll

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Reference no: EM132752912

The data below pertains to the earnings of Lee Min Ho for the week ended June 30, 2020

Hours and Rate 45 hours worked @ P 42 per hour

Overtime rate 150% of the regular rate in excess of 40 hours ( Specific Job)

Withholding Tax 3 % of Gross Earnings

SSS Contributions 2% of Gross Earnings

PhilHealth Contributions 1% of Gross Earnings

Pag Ibig Contributions 1% of Gross Earnings

REQUIRED:

Problem 1. How much would Lee Min Ho net pay/net earnings?

Problem 2. What would be the entry to record Mr. Cruz payroll?

Reference no: EM132752912

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