Prepare Payroll Sheet for April 2021 at Wisdom Tutorial Corner

How can we prepare the payroll sheet for the employees at Wisdom Tutorial Corner for April 2021?

What are the deductions for each employee and how do they affect the net pay?

To prepare the payroll sheet for the period April 1 to 30, 2021, we need to calculate the net pay for each employee by subtracting the deductions from their respective basic monthly pays.

Preparing the payroll sheet for the employees at Wisdom Tutorial Corner for April 2021 is crucial to ensure accurate salary disbursement. The payroll sheet includes the basic pay of each employee and the deductions for the month, such as SSS, Philhealth, Pag-IBIG, and Withholding Tax.

After deducting the specific amounts for each employee, the net pay is calculated, which is the amount they will receive after deductions. This process allows the company to track and manage employees' salaries effectively.

Here's the breakdown of the payroll sheet for the period April 1 to 30, 2021:

Employee | Basic Pay | SSS | Philhealth | Pag-IBIG | Withholding Tax | Net Pay

Jairus Anog | $30,000 | 581.30 | 412.50 | 100.00 | 1,614.57 | $27,291.63

Liezel Brito | $32,000 | 581.30 | 440.00 | 550.00 | 2,009.07 | $28,419.63

Manuel Cortez | $40,000 | 581.30 | 550.00 | 100.00 | 3,858.84 | $34,910.86

Ryan Tan | $48,000 | 581.30 | 550.00 | 100.00 | 5,858.84 | $40,010.86

By accurately preparing the payroll sheet, Wisdom Tutorial Corner ensures that each employee receives the correct net pay after all deductions. This process maintains transparency and fairness in salary distribution.