[FABM2] Lesson 044 - Monthly Compensation and Withholding Tax

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  • Опубліковано 19 січ 2025

КОМЕНТАРІ • 101

  • @richkidman4740
    @richkidman4740 6 місяців тому

    This is the most relax and well-explained video I have seen for payroll related topic, such a reliable presenter!

  • @maritestanista3512
    @maritestanista3512 2 роки тому +1

    Thank you sooooo much. You explained it well. I am not an accountant but need to do this for my company. Such a great help.

  • @alexandrasarmuyan8509
    @alexandrasarmuyan8509 2 роки тому +2

    Hi Sir Chua. SObrang love ko talaga ang videos mo. Dahil sayo gusto ko magkaroonng 2nd course and maging CPA. Sa susunod na co0mment ko. CPA na ako.

  • @sallycapino6258
    @sallycapino6258 3 роки тому +2

    Sir Chua thank you for very clear explanations to all topics from 001 up to the last topic, Taxation. It really helps me, I used your videos in teaching.

  • @eyaferareza357
    @eyaferareza357 2 роки тому

    Forda hellooooo Sir Chua! Nakakagana po lessons niyo and i love the korean details sa video nakakaaliw hehe. I have an upcoming Qualifying Exam for my chosen university for BSA. All of your videos help a lot! Kamsahamnida!

  • @marlonnarsicodumdum9986
    @marlonnarsicodumdum9986 2 роки тому

    Thank you Sir Chua... I'm a new teacher and your videos helped me a lot with my teachings. God bless and more power to you Sir.

  • @zaraestiffanymuyano708
    @zaraestiffanymuyano708 Рік тому

    new subscriber here! so far kayo po pinaka nagustuhan ko UA-camr po na magaling magturo😊 thank you po! dito na po ako lagi manonood 😊😊😊😊

  • @jaycelannebasco6649
    @jaycelannebasco6649 3 роки тому

    Thanks for the big help po. May exam po kami bukas and medyo may mga infos pa rin po na di malinaw sakin pero binigyang linaw niyo po hehe. Thank you po. God bless.

  • @paulanapatang4564
    @paulanapatang4564 2 роки тому

    Siiir. Your videos really help me a lot to fully understand everything about payroll. ❤️

  • @sallycapino6258
    @sallycapino6258 3 роки тому

    Thank you so much! It helps a lot for my 1st year of teaching in Grade 12 FABM 2.

  • @sarle_ee
    @sarle_ee 3 роки тому

    59:20 ang sarap sa tenga HAHAHHAHA salamat po Sir Chua♥️

  • @babymimiho6800
    @babymimiho6800 4 роки тому

    Thank you very much Sir Chua. You made it clear to me how to compute the taxes and fill up the 1601C. Huli man daw ay naihahabol din, nagkamali po ako sa mga figures na nailagay ko sa 1601C sa mga previous months ko po. Naoverstate ko po yung Item no.14 which is Total amount of compensation dahil sa na napanood ko sa ibang videos. Pwede ko pa bo pang macorrect yung mga previous months ko po. Kami po ay zero filing dahil puro below 250K ang annual. God bless Sir Chua.

    • @sirchuasaccountinglessonsp3030
      @sirchuasaccountinglessonsp3030  4 роки тому

      Hi! As long as properly filed within the deadline naman po kayo nung previous months wala naman kayong surcharge. Para lang po maitama na (lalo na sa dulo eh gagawa pa po kayo ng annual return sa compensation) eh mag start na po kayo siguro ng amended returns.

  • @yanyannyy
    @yanyannyy 2 місяці тому +1

    new updated vids na po pls, 2024 na pyo HSHAHA

  • @JoseMariMartinez-hm8vr
    @JoseMariMartinez-hm8vr 2 роки тому +1

    emphasis on the minimum salary base for Philhealth.. salaries below P10,000 will still based their share on P10,000

  • @kyledavidl.morelo3362
    @kyledavidl.morelo3362 3 роки тому

    Thanks for the explanation, it helps a lot💕

  • @jbdeiparine773
    @jbdeiparine773 3 роки тому +1

    Hello po Sir Chua, Good day! can you explain it further po sir?
    Slide/Time: 5:32
    • If tax withheld is greater than annual tax due, there is tax refund.
    • If tax withheld is lesser than annual tax due, there is still tax payable.

  • @hazercane
    @hazercane Місяць тому

    Plus and minus with a twist talaga 😢 Thank you po sir, Chua! 1hr vid pala 'to? HAHAHAHA

    • @hazercane
      @hazercane Місяць тому

      Grabe, malapit na ko grumaduate sa Chua's Accounting Academy 🥰🫰

    • @hazercane
      @hazercane Місяць тому

      College na ang oat next year 🥶

  • @raymondnavarro7982
    @raymondnavarro7982 9 місяців тому

    Hi sir ask lang sa mga above minimum wage earner ang incentives and allowances ba is ma add sa basic salary as taxable income ? Or ma entry siya sa other benefits or de Minimis?

  • @exploreandloveyourself
    @exploreandloveyourself 4 місяці тому

    Sir question yung tax refund and 13th na binigay at nirefund tax sa employee na resigned ibabawas po ba sa next month remmittance remittance at the time of refund and 13th to employee

  • @rocelvisere5529
    @rocelvisere5529 Рік тому

    saan po kinuha or ano po ang basis don sa maximum of P100 sa 33:09 ? sa HDMF sir

  • @Aems_
    @Aems_ 2 місяці тому

    Hi, Sir. How do we compute the monthly taxable income if the allowances po exceeds the monthly limit but if computed po siya yearly is within the limit naman po of 90k?

  • @janeculala9160
    @janeculala9160 3 роки тому +1

    Hi Sir, question po sa SSS, GSIS, PHIC, HDMF Mandatory Contributions & Union Dues (employee's share only), hindi na ba natin include yung sss, phic, hdmf ni MWE dyan? kasi non taxable naman talaga sya. Kung iinclude ko kasi sya kasama yung mga sss, phic, hdmf ni NON-MWE tapos ilalagay ko pa yung statutory mwe as deduction, hindi ako mag balance sa taxable compensation item 22. Kasi sir, i tried to exclude the sss, phic and hdmf of MWE since included naman sya sa Statutory MWE and nag balance sya. Hope to hear from you soon sir. Thank you in advance sir

  • @pelodeviejean9299
    @pelodeviejean9299 4 роки тому +1

    watching this to answer my module

  • @altheabayeng1782
    @altheabayeng1782 Рік тому

    Thank you sir. 🎉

  • @gloriamergal6409
    @gloriamergal6409 4 роки тому

    hello po sir, new subscriber here, thanks for the explanation

  • @beverlyespina6255
    @beverlyespina6255 2 роки тому

    thank u sir Godbless

  • @hmnarag
    @hmnarag 2 роки тому

    malaking tulong po bossing

  • @fatimamancira4809
    @fatimamancira4809 2 роки тому

    Hi Sir Chua.
    Watching this vid year 2022😍😁😊

  • @randomnetizen3681
    @randomnetizen3681 3 роки тому

    Hello. How do we present po ba the ER's contributions (sss,pagibig,philhealth) if sole proprietor? Do we present it in 1601C din po ba?

  • @alyb2012
    @alyb2012 Рік тому

    Sir do i have to file 1601C if all my employees are MWE?

  • @shenanigan813
    @shenanigan813 2 роки тому

    Good evening, Sir. Thank you so much po sa efforts in putting this video in a very comprehensive manner Sir. Meron lang po sana akong itatanong Sir. Hindi po pala fix yung computation sa W-Tax ni Employee regardless if may late or absences? So may possibility po na malaki2 tung tax payable sa preparation po ng tax module at the end of the year ni Employee if under withheld due to his/her absences? Please reply po. Maraming Salamat.

    • @shenanigan813
      @shenanigan813 2 роки тому

      2. Sir paano po yung computation ni Employee may Step Increment and Salary Differential? Confused po kac ako sa computation ng Payroll Section namin. Salamat po.

  • @rexabilong7434
    @rexabilong7434 Рік тому

    hehe we are still watching sir, year 2023 :))

  • @dhexennaves7050
    @dhexennaves7050 3 роки тому

    Helloe sir, I have a question bakit po kasali ang nontaxable income sa pagcompute sa gross pay, specially the rice subsidy? Kasi nabasa ko sa BIR na site, exemption and excluded and de minimis benefits sa gross income

    • @sirchuasaccountinglessonsp3030
      @sirchuasaccountinglessonsp3030  3 роки тому +1

      Gross pay means the total of everything. Net taxable income is income after deducting all nontaxable income and deductions. That is the income that will be subjected to tax. GROSS is ALL you received whether taxable or not

  • @legnamotovlog8593
    @legnamotovlog8593 3 роки тому

    Sir kung ang isa po individual tax payer eh may extra income sa networking tapos may pauupahan apartment... Part po ba un ng gross income tapos pano po un patawan ng tax... Tnx po sa sagot..

  • @terechiao
    @terechiao 3 роки тому

    Good evening po. Sa case po namin ang component ng gross pay ay basic salary, de mini, coordinator's fee, internet allowance, overload/substitution. Pag magcocompute po ng monthly withholding tax, isasama po ba yun iba component except de mini sa basic salary net of ss, pH, pI contri? Sir, please help

    • @sirchuasaccountinglessonsp3030
      @sirchuasaccountinglessonsp3030  3 роки тому

      In calculating taxable income subject to withholding tax, all your gross pay should be deducted with all your nontaxable income like deminimis benefits and then your sss phic hdmf. After calculating your tax, net pay would be gross pay less sss phic hdmf tax and other deductions

  • @maichadacumos6348
    @maichadacumos6348 2 роки тому

    kasama po ba si gov loan sa tax income?

  • @mariaantoinette1836
    @mariaantoinette1836 3 роки тому

    hi sir. what if nasa level 3? id-deduct po ba yung nasa prescribed tax?

  • @dylansebastian8516
    @dylansebastian8516 4 роки тому

    Hi sirrr! Sir parequest naman po, make a vlog about terms in accounting problems like increased by, increased to etc. kung paano gagamitin, nakakalito po kasi sir. Thankyousirr❤

  • @elizarvillez9653
    @elizarvillez9653 Рік тому

    watching presently year 2024.
    Thank for the teachings Sir Chua 🥰😇

  • @murieldacula661
    @murieldacula661 4 роки тому

    What if po over po yung taxwithheld.

  • @ninotchkaish
    @ninotchkaish 3 роки тому

    Regarding PAG-IBIG, my employer deducted P1,500 based on my payment slip 🙉. P100 lng pala max? Bakit ganun?

  • @edzmendoza8587
    @edzmendoza8587 2 роки тому

    hello sir, can you please upload new PPT for this coming year 2023. Thanks a lot.

  • @shenanigan813
    @shenanigan813 2 роки тому

    Sir pwede po ba malaman kung ano po ginamit nnyu application software for this presentation? Salamat po.

  • @lyt2801
    @lyt2801 3 роки тому

    Sir ano pong gamit niyong app for your video lectures?

  • @misshipo06
    @misshipo06 Рік тому

    Sir pwde k po mg sample if morethan 100k ang sweldo then with de minimis sya tnx po ☺️

  • @nolascotabien7358
    @nolascotabien7358 2 роки тому

    On payslip, is late and absenses earnings?

  • @JazAmaroBislumbre
    @JazAmaroBislumbre 3 місяці тому

    Ser gawa ka naman po vid ngayon❤

  • @xernan8147
    @xernan8147 2 роки тому

    sir 2022 na pwede na i update ang video. salamat

  • @danapuli5052
    @danapuli5052 2 роки тому

    Magandang taon po. Nanunood po ako ngayung 2022

  • @Sebastian_Channel29
    @Sebastian_Channel29 2 роки тому

    sir paano nmn po pag semi monthly po

  • @dhenyunnee
    @dhenyunnee 6 місяців тому

    Hello po sir Chua. Here po from 2024😅

  • @lei4383
    @lei4383 3 роки тому

    hello po sir, what if less than 20,833 po yung monthly salary nya. Meron pa po bang ibabawas for withholding tax?

  • @johnrickpadran2098
    @johnrickpadran2098 5 місяців тому

    hello po sir chua iam watching now in 2024

  • @montemayornicoleann3110
    @montemayornicoleann3110 4 роки тому

    Ask ko lang po. Pano po kung weekly yung sahod po edi weekly rin po ang pag kaltas ng tax sa sahod po?

    • @sirchuasaccountinglessonsp3030
      @sirchuasaccountinglessonsp3030  4 роки тому

      MONTEMAYOR NICOLE ANN hi! Still depends on the entity. If they prefer giving weekly salaries, that’s fine. The tax calculation will then be based on the tax table - weekly column.

    • @montemayornicoleann3110
      @montemayornicoleann3110 3 роки тому

      @@sirchuasaccountinglessonsp3030 Thank you po sir

  • @johnrickpadran2098
    @johnrickpadran2098 5 місяців тому

    Hello po sir chua here from 2024

  • @dalemarinas5230
    @dalemarinas5230 4 роки тому

    Hi Sir Chua. Paano po pag annual tax po ang hinahanap?

  • @xhelou7670
    @xhelou7670 Рік тому

  • @idolsenju7079
    @idolsenju7079 4 роки тому

    Sinfo.....God Bless po

  • @angelfranzilmadlansacay8680
    @angelfranzilmadlansacay8680 2 роки тому +1

    watching presently year 2023

  • @fuzukichan4383
    @fuzukichan4383 Рік тому

    Watching this vid 2024 sir Chua

  • @applejoydayog1388
    @applejoydayog1388 2 роки тому

    balik fabm ako dahil kelangan ko sa research project

  • @jeprielalmonte1561
    @jeprielalmonte1561 4 роки тому

    Jiiiip

  • @Jammyjammy710
    @Jammyjammy710 Рік тому

    waiting for latest update year 2023

  • @kimberlyrodriguezsuma227
    @kimberlyrodriguezsuma227 4 роки тому

    Kimberly

  • @jennyrosales7974
    @jennyrosales7974 4 роки тому

    Jeng Jeng

  • @cherenrosell2083
    @cherenrosell2083 Рік тому

    2024

  • @dianaroseparangue
    @dianaroseparangue 4 роки тому

    Paaaaaaaangs

  • @roseannfrancisco1322
    @roseannfrancisco1322 4 роки тому

    Rose Ann

  • @gracemalabo9322
    @gracemalabo9322 4 роки тому

    Grace

  • @stephaniexyriel9775
    @stephaniexyriel9775 4 роки тому

    Rose

  • @chimberlugs8138
    @chimberlugs8138 4 роки тому

    Tim

  • @rbrtsnny0657
    @rbrtsnny0657 4 роки тому

    Robert

  • @odessajarina
    @odessajarina 9 місяців тому

    Y2024

  • @sunshineortega1367
    @sunshineortega1367 4 роки тому

    sun shi ne

  • @depandagaming9003
    @depandagaming9003 4 роки тому

    Aquino, Deep

  • @dennisedefante7363
    @dennisedefante7363 4 роки тому

    Diiiin

  • @rhealynbiding141
    @rhealynbiding141 4 роки тому

    Rhealyn

  • @shairavalenzuela9557
    @shairavalenzuela9557 4 роки тому

    shaira

  • @louissecura9810
    @louissecura9810 4 роки тому

    Louisse

  • @elvizajoydeclaro887
    @elvizajoydeclaro887 4 роки тому

    Elvi

  • @kirstenignacio9389
    @kirstenignacio9389 4 роки тому

    1010

  • @johnmarksaniel1860
    @johnmarksaniel1860 4 роки тому

    Saniel

  • @erikagamba7863
    @erikagamba7863 4 роки тому

    Erika

  • @jennygalan8176
    @jennygalan8176 4 роки тому

    Jenny

  • @nashreenibrahim834
    @nashreenibrahim834 4 роки тому

    Nash

  • @stephaniiieeee_
    @stephaniiieeee_ 3 місяці тому

    2024

  • @nashreenibrahim834
    @nashreenibrahim834 4 роки тому

    Nash