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Accountant at Work

PAYSLIP

- Computation of Amber's Gross Income, Taxable Income, and Net Pay for the month of November 2020 -

ABM COMPANY

San Vicente, Apalit, Pampanga
Pay Slip

Employee Information

Amber Jones
Accountant
F91 Sampaga Apalit, Pampanga
Phone: +63 123 906 1129
Email: amberjones01@gmail.com

Pay Slip #114237
Pay Date: November 2020
Pay Type: Monthly

Premium Pay

Basic Pay

Total Earnings

593.91

3,287.49

P6,398.28

Total Deductions

Witholding Tax

PhilHealth 

P49,593.75

600.00

Tardiness

35,000.00

3,500.00

EARNINGS

AMOUNT

AMOUNT

DEDUCTIONS

Overtime Pay

13th Month Pay

1,093.75

10,000.00

SSS

Pag-IBIG

NET PAY

1,125.00

791.88

P43,195.47

(signature)

Amber Jones
Employee

(signature)

Andrea Sitchon
Director

If you have any questions about this pay slip, please contact us:
Phone: +63 404 123 0962    Email: abmcompany@gmail.com

Anchor 1

DAILY BASIC PAY RATE

(P1,750) 20 days = P35,000

Monthly Basic Pay

OVERTIME PAY (NOV.10)

Daily Rate P1,750/8hrs per day = 218.75 

Regular Hourly Rate

218.75 + (0.25)(218.75) = 273.4375

Overtime Rate

273.4375 x 4hrs = P1,093.75

Overtime Pay

PREMIUM PAY (NOV.30)

Hourly Rate = 200% of Regular Hourly Rate
= 2 (P1,750/8hrs per day)
= 437.5
= 437.5 x 8hrs per day 
=
P3,500  --> Premium Pay 

GROSS INCOME
(Monthly Basic Pay + Overtime Pay + Premium Pay)

P35,000 + P1,093.75 + P3,500 = P39,593.75

Gross Income

(P1,750) (0.03)/2 = P593.90625

PHILHEALTH CONTRIBUTION

(P1,750) (0.03) / 2 = P593.90625

PAG-IBIG CONTRIBUTION

(P1,750) (0.02) = P791.875

NET PAY

Gross Income
Less: Tardiness
           SSS
(SSS Table)
           PhilHealth
           Pag-IBIG

Taxable Income   
Less: Witholding Tax
Add: 13th Month Pay

Net Pay       

P39,593.75
(600)
(1,125)
(593.90625)
(791.875)

P36,482.96875
(3,287.492188)
10,000

P43,195.47656
or P43,195.48

WITHOLDING TAX

= (P36,482.96875 - 33,333) = 3,149.96875
= 2,500 + (0.25)(3,149.96875)
= 2,500 + 787.4921875
=
P3,287.492188 or P3,287.49

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