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- Direction: Solve the following problems and show your complete solution. 1. Aina, who works in an accounting firm, earns a monthly salary of P35,000 per month and also receives P3,500 for a monthly allowance. Her monthly contributions are as follows: P1,466 for income tax, P300 for PhilHealth, P800 for SSS, and P100 for Pag-IBIG. Find her gross and net income for this month. salary of basic salary of P3 2. Cathy, a police officer, gets a basic P39,000 a month, monthly allowance of P2,000 and a hazard pay of P2,500. Find her annual gross income.Gross Income Compute how much will be included and excluded in the gross income given the following scenarios. 1. A call center agent receiving a monthly salary of P21,000 with mandatory annual deductions of P15,166, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income?Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross pay does the employee receive on their paycheque? Select one: a. $500 O b. $0 c. $20 d. $480
- 1) the total equal to part 1 is $5,924, calculate what percent of your monthly take-home salary you spend each of your monthly expenses show your work below add these percentages to the third column of the table.Peter's salary (X) is twice the salary of Paul (Y) but half the salary of Mary (Z). Write an expression for the average salary of Paul and Mary in terms of Peter's salary. O a. 0.50X O b. 0.75X O c. 1.25X O d. 1.00X2. Calculate the EI and CPP for the following employees. Find the employer portion as well. a. Biweekly salary of 2000 b. Weekly salary of 1100
- The total income for the Mr. Johnson's apartment building can be represented by the equation 4r– 3c- 3p, where ris the amount of rent paid by each tenant, c is the cost of the cable bill, and p is the cost of the phone bill. If the rent is $600, the cable bill is $90 and the phone bill is $45, what is the total income for Mr. Johnson? O $735 O $1,800 O $540 O $1,995 MacBook Air DD F10 F11 F9 云Conchita Martinez will have a monthly interest and principal payment of $1,820.68. Her monthly real estate taxes will be $57.06 and her monthly homeowner's insurance payments will be $89.47. If her gross monthly income is $6,778.27, find the housing ratio. Question content area bottom Part 1 The housing ratio is= (Round to two decimal places as needed.)4) What's More BC Activity 1.1 Try this! Solve the following problems. Write your answers on your notebook. Don't forget to show your complete solution. 1. Sonny works as a furniture salesman and earns a base salary of P1,550 per week plus 6% comnmission on sales. What was Sonny's weekly gross salary if his total sales were P57,000? 2. Veronika works at Future Shop and earns P350 per hour plus 6% commission on sales. Last week Veronika worked 40 hours. What was Veronika's weekly gross salary if her total sales were P25,000? 3. William earns straight commission as a real-estate agent. Last month his total sales were P971,168.00. If William earns a 3% rate of commission, what was his gross income last month? 4. Sophia earns straight commission selling cell phone contracts. Last month she sold 341 cell phone contracts worth a total of P238,192.00. If Sophia earns a 5% rate of commission, what was her gross income last month? 5. Brian is a salesman for a wholesale computer parts company.…
- I earn $475 per week at my job at WalMart. How much do I earn in a month? Gross pay: My taxes are 7%. What is my net pay? Deduction:___________x___________= Net Pay:____________-‐____________=The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it may be negative or positive). Assume that amounts shown for salaries and wages are after taxes and that 1 month= 4 weeks. Income Part-time job: $1100/month Student loans: $7800/year Scholarship: $7000/year The net monthly cash flow is $ (Round to the nearest dollar as needed.) ... Expenses Rent: $400/month Groceries: $40/week Tuition and fees: $6500/year Health insurance: $25/month Entertainment: $150/month Phone: $55/monthAnna has the following income for the quarter: a. Professional income P80,000 b. Income from her business P30,000 c. Compensation income P40,000 d. Interest income from bank deposit P10,000. 1. What amount of income will Anna report in her quarterly income tax return? a. P80,000 b. P110,000 c. P120,000 d. P150,000 2. If Anna, opted to use 8% rate, how much is her income tax due in her quarterly ITR? a. P6,400 b. P8,800 c. P9,600 d. P12,000