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  • Predetermined Monthly Withholding Tax of Compensation

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    Alvin Torbeles
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    This document outlines an employee's salary information, including their grade and step, basic monthly salary, total annual salary, benefits, deductions, taxable income, and predetermined monthly tax withholding. The employee's grade and step is listed as 20-1, with a basic monthly salary of $57,347.00, resulting in a total annual salary of $688,164 after adding de minimis benefits of $11,000.

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    Predetermined-Monthly-Withholding-Tax-of-Compensation

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    This document outlines an employee's salary information, including their grade and step, basic monthly salary, total annual salary, benefits, deductions, taxable income, and predetermined monthly tax withholding. The employee's grade and step is listed as 20-1, with a basic monthly salary of $57,347.00, resulting in a total annual salary of $688,164 after adding de minimis benefits of $11,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    9 views5 pages

    Predetermined Monthly Withholding Tax of Compensation

    Uploaded by

    Alvin Torbeles
    This document outlines an employee's salary information, including their grade and step, basic monthly salary, total annual salary, benefits, deductions, taxable income, and predetermined monthly tax withholding. The employee's grade and step is listed as 20-1, with a basic monthly salary of $57,347.00, resulting in a total annual salary of $688,164 after adding de minimis benefits of $11,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 5

    Basic Monthly

    SG/Step Salary

    Your Salary
    Grade and
    Step HERE
    20-1 57,347.00

    TOTAL ANNUAL SALARY 688,164.00


    Add: DEMINIMIS BENEFITS 11,000.00
    TOTAL 699,164.00
    Less: DEMINIMIS BENEFITS 11,000.00
    NON TAXABLE DEDUCTIONS 90,661.32
    TOTAL 597,502.68
    Add: TAXABLE BENEFITS 49,694.00
    TOTAL TAXABLE INCOME 647,196.68

    PREDETERMINED ANNUAL TAX DUE 71,939.34


    Predetermined Monthly Withholding Tax 5,994.94

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