7. Mr. Villaroman's annual net income is P1,200,000. What is his annual gross income if his annual deduction is 20% of his gross? a. P300,000 B. P1,300,000 C. P1,500,000 D. P2,000,000 8. Mang Carlos, a minimum wage earner, receives P500 per day of work. What is his gross income if he works 24 days in a month and receives P1,500 monthly cash allowance? C. P36,000 a. P12,000 B. P13,500 D. P36,500 9. Andrea's monthly deduction is 10% of her monthly gross income. If she receives a monthly gross income of #37,000, what is her take-home pay? a. P3,700 B. P33,300 C. P40,700 D. P43,300 10. Mrs. Espinosa has a monthly salary of P50,000. She pays her monthly contributions: P5,329.17 for income tax, 4,500 for GSIS, P750 for PhilHealth and P100 for Pag-lbig. How much will be her net pay? a. P5,379.17 B. P10,679.17 C. P39,320.83 D. P44,620.83

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