5. A minimum wage earner in Metro Manila is paid P537.00 for an 8-hour workday. If he works for 22 days in one month, then he will have a monthly gross income of P537.00 x 22 = P11,814.00. A minimum wage earner is exempted from paying income tax. Suppose his deductions per month are P236.28 for Pag-ibig, P350.00 for PhilHealth and P540.00 for SSS. What is the take home pay of the minimum wage earner in metro manila?

5. A minimum wage earner in Metro Manila is paid P537.00 for an 8-hour workday. If he works for 22 days in one month, then he will have a monthly gross income of P537.00 x 22 = P11,814.00. A minimum wage earner is exempted from paying income tax. Suppose his deductions per month are P236.28 for Pag-ibig, P350.00 for PhilHealth and P540.00 for SSS. What is the take home pay of the minimum wage earner in metro manila?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1CE

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3. Suppose that an entry level policeman has a basic salary of P33,575 per month. He has to pay monthly P2,560.50 for income tax, P1,175.13 for Philhealth, P671.50 for Pag-ibig and P3,021.75 for GSIS contributions. What is the monthly net income of the policeman?
2. Rona works for a company that pays him a basic monthly salary of P20 000 plus 6.5% commission on sales above P60 000 per month. If the total amount of the goods he sold was P150,000, what is his gross pay (salary plus commission) for the month?
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