The completed table showing Bianca Ramos's tax deduction and NET PAY
is presented as follows;
SOCIAL SECURITY SYSTEM = Php 1,147
MEDICARE (PHILHEALTH) = Php 268.25
PAGIBIG (FUND) = Php 370
BIR (WITHHOLDING TAX) = Php 5,509.19
Total deductions = Php 7,294.44
NET PAY = Php 11,205.56
Reasons:
Based on online search, the tax rate for the items on the table are as follows;
SOCIAL SECURITY SYSTEM = 6.20% of earnings
MEDICARE (PHILHEALTH) = 1.45% of earnings
PAGIBID (FUND) = 2% of salary
BIR (WITHOLDING TAX) = P1,342.47 + 32% over P5,479
Bianca Ramos's basic salary = 18,500.00
Which gives the deduction amount as follows;
SOCIAL SECURITY SYSTEM = 0.062 × 18,500.00 = 1,147
MEDICARE (PHILHEALTH) = 0.0145 × 18,500.00 = 268.25
PAGIBIG (FUND) = 0.02 × 18,500.00 = 370
BIR (WITHHOLDING TAX) = 1,342.47 + 0.32×(18,500 - 5,479) = 5,509.19
Total deductions = 1,147 + 268.25 + 370 + 5,509.19 = 7,294.44
NET PAY = 18,500 - 7,294.44 = 11,205.56
Her net pay = Php 11,205.56
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