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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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