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?

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?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 20Q: Use Figure 12.15 as a reference to answer the following questions. A. If an employee makes $1,400...

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Question

3. 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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