4. 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?
4. 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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![4.
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F747dc333-6ccc-47be-8851-71fd272470ae%2F46479575-c0ff-4ab9-bdc7-d516ace84331%2F5mka7a5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4.
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?
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