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?
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- 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?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?In connection with the previous problem, suppose a certain governmentemployee earns a performance benefit = ₱2,340/month, 13 th Month Pay =₱15,780.43, and he has other benefits amounting to ₱6,000. How much of theadditional earnings will be taxed?
- 9. Compute the prescribed minimum withholding tax of a manager whose monthly salary is P120 000 with transportation allowance of P20 000 and cost of living allowance of P25 000. How much will be her net earnings?Page 4 of 4 12. Mr. Bean receives a monthly basic salary of P38,000. He also receives P2,000 monthly for the rice subsidy, P 2.000 overtime pay, and P 500 for laundry allowance. Solve for the following : A.Suppose Mr. Bean is working in the GOVERNMENT SECTOR : GSIS Contribution Philhealth Contribution PAG-IBIG Contribution Income Tax NET PAY A.Suppose Mr. Bean is working in the PRIVATE SECTOR: SSS Contribution Philhealth Contribution PAG-IBIG Contribution Income Tax NET PAY1. Ms. Evelyn is tax compliance officer at the Bureau of internal revenue earning a monthly salary P35,196.00. How much is Ms. Evelyn's take home pay? 2. Allan S. Gala is a sales representative at a private pharmacy. He is given a monthly rice subsidy of P2,000.00. Over his monthly salary of P24,300.00. How much is his monthly net pay?
- 1. Payroll. Lorna Chavez is a line manager of Sunday Machine Works and is receiving a monthly salary of P30,000. She is the head of the family with two dependents. She got a cash advance of P1,500 on March 20 to be deducted from her take home pay on March 31. a) How much is her monthly net taxable income? b) How much is her take home pay as at March 15? March 31? Use the SS contribution rate of 4%, 2.75% for Philhealth, 2% of P5,000 for Pag-ibig. Gross Pay Less SS Semi monthly taxable income Less Withholding tax PH SS for half month Philhealth for half month Pag-ibig for half month Net earnings (take home pay) PxXx (xx) (xx) (xx) Pxx / 2 Pxx Use the Semi-monthly Withholding Tax Table Column 2. Pag-ibig Net Monthly Taxable Income Semi-monthly Taxable Income Pxx (xx) (xx) (xx) (xx) Prx4. A private university professor who receives a basic monthly salary of P80,000.00, a living allowance of P2,000.00 per month. Suppose this university professor has to pay monthly P14,833.33 for income tax, P2,450.00 for Philhealth, P1,600.00 for Pag-ibig and P1,125.00 for SSS contributions. What is the monthly net income of the private university professor? 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?
- Gross Income Compute how much will be included and excluded in the gross income given the following scenarios. 1. A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of P34,185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income?5. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of P33,000 (22 working days). In addition, he also receives the following allowances: Rice allowance- P300; Clothing allowance-P50O; Laundry allowance-P200 For the month of August 2021, he made a total sale of P1,500,000 and is entitled for 3% commission rate. Also he has the following over time: a. 10 hours REGOT; b. 5 hours SHOT; c. 8 hours SHRDOT; d. 5 hours LHOT; e 7 hours LHRDOT. How much is his net pay if he receives his compensation on a monthly basis? *3. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of P33,000 (22 working days). In addition, he also receives the following allowances: Rice allowance- P300; Clothing allowance-P500; Laundry allowance-P200 For the month of August 2021, he made a total sale of P1,500,000 and is entitled for 3% commission rate. Also he has the following over time: a. 10 hours REGOT; b. 5 hours SHOT; c. 8 hours SHRDOT; d. 5 hours LHOT; e 7 hours LHRDOT. How much is his gross pay?