Zenny is one of the 20-year awardees of her company. For her service, she received a watch worth P8,000, a plaque, and a check for P10,000. On the same day, she also received a bonus for her excellent performance for the entire duration of her service in the amount of
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- 6. An employee, who had been with the company for 6 years, passed away on August 31, 2021. She had been earning a monthly salary of $5,900 and had regular CPP and El deductions taken off this salary on every cheque up to and including her August 31 payment. Calculate: a) Her maximum CPP contribution for the year. b) How much should be refunded to her estate, if any? cpp rate 5.45% cpp annual basic exemption $3,500 maximum insurable earnings $56,300 premium rate 1.58% Maximum annual employee premium $889.54Welmer started his career on his present job exactly on his 22nd birthday. He is being deducted an amount of P900 every month as his SSS contributions his employer contributes also the same amount for the employee. If retirement age is 65 years old and money is worth 3.5% compounded monthly, find the amount of pension he will be getting every month upon his retirement.Wil started his career on his present job exactly on his 22nd birthday. He is being deducted an amount of P900 every month as his SSS contributions his employer contributes also the same amount for the employee. If retirement age is 65 years old and money is worth 3.5% compounded monthly, find the amount of pension he will be getting every month upon his retirement.
- On January 1, 20x6, Bernie Bird Co. decided to grant its employees 10 vacation days and five sick days each year. Vacation days earned can be carried over to the next year but not sick days. Each employee took an average of three sick days in 20x6. During 20x6, each Bernie Bird’s six employees earned P100 per day and earned 10 vacation days. These vacation days were taken during 20x7. What amount should Bernie report for compensation absence expense for the year ended December 31, 20x6? a.0 b.6000 c.7,800 d.9,000At the end of the years 2000, 2001 and 2002, an employee received amounts of money as recognition, and a total of 90,000 GE. The clerk invested the money at a 3 percent interest rate and ended up having from 2002 a fotal of 92,418 GE. If he had got 6 percent interest, it would have been 94872 GE How much did he get paid in 2001? Note: In 2002 he received 30,000 GE. 62000 98000 81000 40000Bernie Bird Co.'s retirement plan provides for a lump sump benefit. equal to the final monthly salary multiplied by the years of service, to employees who have reached the age of 60 and have rendered at least five years of service. The year of employment and the year in which the employee reaches the age of 60 are counted as full years. Mr. Wooten, who has just turned 50, was employed during the year. Mr. Wooten's current monthly salary is P60,000 and this is expected to increase by 2% per year. The discount rate is 10%. How much are the (1) projected lump sum benefit to be received by Mr. Wooten on his retirement date and (2) current service cost for the year? O 804,540:28,199 O 718,360:27,664 O 826,940:30,036 O 732,340:28, 199
- An engineer is employed in a government office. Every month an amount of ₱ 1,924.83 is deposited in an insurance system. Suppose the employee is 25 years old today, what will be accumulated on his retirement if he wishes to retire at 65? What will be his expected pension (a monthly allowance from the accumulated deposits) if the insurance company assumes all their client to live up to 100 years of age? The insurance system offers 3.6% compounded monthly.Mr Bo, a manager at Mamu Papi earns RM10,000 salary per month. He has been working in the same company for the past 20 years. As an appreciation to his long service, he is provided with the following benefits: • An unfurnished condo at 1 Persiaran Gurney. The rental of RM4,000 a per month is paid by the employer. The employer's portion of the Employee's Provident Fund, 12% of his monthly salary A new Sports Utility Vehicle (SUV) costing RM150,000 was given to him since 2018. Since this car is a hybrid, the company does not provide him with any petrol allowances. A gardener who is paid RM400 per month. A half day maid who is paid RM500 per month.You are an employee in the private sector. For the year 20x1, you received a 13th month pay of P110,000 and a Christmas bonus (non-performance based) of P25,000. Of the benefits you have received, how much is taxable?* a. P135,000b. P90,000c. P45,000d. P0
- 1. Mr. Dalisay received the following compensation and benefits during the entire year: Annual Basic Salary 13th Month Pay and Other Benefits Laundry Allowance Rice Allowance P 650,000 P 230,000 P 3,600 P 42,000 P 8,000 P 5,000 P 5,000 Uniform and Clothing Allowance Loyalty Award for Length of Service(CASH) Productivity Incentive Compute for the taxable income and non-taxable income and benefits.X, an employee of New Horizons Ltd., draws 5,00,000 as basic pay, 5,000 per month as dearness allowance (60 percent is used for end term benefit calculations); 50,000 as bonus. He received following for the previous year 2020-21: children education allowance: '400 per month for each of 4 children, Hostel allowance 2000 per month for each of 4 children; helper allowance: '10,000; tiffin allowance: '12000. Company provided him furnished accommodation in Goa (Population 1200000) , property is owned by company, vehicle facility (1800CC with driver) for private purpose for which Rs.2000 p.m is charged from him. Lease rent paid by the company for furniture 10,000 per month. Calculated his income chargeable to head salary for the assessment year 2021-22.At the end of the years 2000, 2001 and 2002, an employee received amounts of money as recognition, and a total of 90,000 GE. The clerk invested the money at a 3 percent interest rate and ended up having from 2002 a fotal of 92,418 GE. IH he had got 6 percent interest, it would have been 94872 GE How much did he get paid in 2001? Note: In 2002 he received 30,000 GE. 62000 98000 81000 C 40000 Çeviriye devam et