A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of P34, 185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income?

A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of P34, 185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2. A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of
P34,185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual
gross income?

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