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 (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 2E

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