1.Michael is paid on a daily basis. He is paid P 535.00 a day plus commission 1.5% on all his sales. His total sales for the month is P 38,235.00. He worked for a total of 24 2 days. Monthly deductions are 4 2 % of total monthly pay for SsS, P 75.00 for Medicare, and 3% of total monthly pay for withholding tax, union dues every month is P 20.00. a. How much is Michael's gross income? b .How much is Michael's commission? c.How much is his monthly contribution to SSS?
1.Michael is paid on a daily basis. He is paid P 535.00 a day plus commission 1.5% on all his sales. His total sales for the month is P 38,235.00. He worked for a total of 24 2 days. Monthly deductions are 4 2 % of total monthly pay for SsS, P 75.00 for Medicare, and 3% of total monthly pay for withholding tax, union dues every month is P 20.00.
a. How much is Michael's gross income?
b .How much is Michael's commission? c.How much is his monthly contribution to SSS?
d.How much should he pay for withholding tax? .
e.How much is his total deductions?
f. How much is Michael's take-home pay?
2. Jessie is a medical sales representative who receives a basic monthly salary of Php 17 500.00 and a commission of 2% on all of his sales. .
a.How much is his commission for the month if he sold Php 150 500.00?
b. How much is Jessie's gross earnings for the month?
C.How much is Jessie's annual salary?
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