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Business Mathematics

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15 views

Business Mathematics

Uploaded by

babyboxborongan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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the amount of money the amount of money your

employees take home


your employees
after all deductions have
receive before any been taken out. This is the
taxes and deductions money they have in their
are taken out. pocket on payday.
Jury, a sales and marketing staff with a basic pay of ₱ 25,000.00 and 1.5%
sales commission. She sold -₱100,000.00 for the month. Her deductions are
as follows: SSS Contribution -₱800.00, PhilHealth Contribution -₱150.00, Pag-
Ibig Contribution -₱100.00 and withholding tax -₱950.50. Compute for her
Gross Earnings and Net Pay.

GROSS PAY NET PAY


Basic Pay P25,000 Gross Pay P26,500
Commission P1,500 Total Deductions (P2,000.5_)
Gross Pay P26, 500 Gross Pay P24,499.5
,
Mary is an employee who earns a basic monthly salary of ₱35,000.00,
₱2,500.00 commission per month, and ₱3,250.00 overtime pay. For the
month of June, the following deductions were incured: SSS Contribution-
₱550.00, Phil Health Contribution - ₱150.00, Pag-Ibig Contribution -
₱100.00, Withholding tax - ₱ 1,280.40.

GROSS PAY NET PAY


Basic Pay Gross Pay
Commission _______ Total Deductions __________
Gross Pay Gross Pay
Matthew works as a sales agent for 8 hours from Mondays to Fridays. His annual
salary is P420,000.00 receiving his net pay on a semi-monthly basis. For the month
of September, he made a total sales of P1,250,300.00 worth of properties.
a. Compute for Matthew’s gross pay in September.
b. How much will Matthew take home semi-monthly in September?

PhilHealth Contribution 5%
SSS Contribution P1,000
Withholding tax 20% of monthly salary
PagIbig Contribution P850.00
Commission 2% of total monthly sales.

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