DeepenActivity 1. Problem Solving1. A university professor who receives a basic monthly salary of P80,000, a living allowance of P2,000per month, and has an investment of P500,000 which carns an interest of 6% per year. Supposethis university professor has to pay also each year P245,880 for income tax, 912,000 for Philhealth,P1,200 for Pag-ibig and P86,400 for GSIS contributions. What is his (a) gross income (b) net income?2. A minimum wage earner in Metro Manila is paid P481 for an 8-hour workday. If he works for 22days in one month, what would be his gross monthly income? Suppose the minimum wage carneris exempted from paying income tax. His deductions per month are P100 for Pag-ibig, P200 forPhilHealth and P363.30 for SSS then what is his net monthly income?3. Jane receives a basic pay of P9,880.00 a month and a 2% commission on her sales. She soldP105,000 for the month. Her deductions are: 4% for SSS based on her basic monthly pay; P100.00for the PhilHealth; Pag-Ibig, 2%; and 10% Withholding Tax based on gross earnings. Compute forher net pay.4. Karen receives a basic pay of P8,900.00 a month and a 1% commission on her sales. She soldP68,000.00 for the month. Her deductions are: 4% for SSS based on her basic monthly pay; P100.00for PhilHealth; Pag-Ibig, 2%; and 10% Withholding Tax based on gross earnings. Computer for netрay.

Please refer to the image below

Deepen tivity 1. Problem Solving 1. A university professor who reccives a basic monthly salary of P80,000, a living allowance of P2,000 per month, and has an investment of P500,000 which carns an interest of 6% per year. Suppose this university professor has to pay also each year P245,880 for income tax, 912,000 for Philhealth, P1,200 for Pag-ibig and P86,400 for GSIS contributions. What is his (a) gross income (b) net income? id 0481 for an 8.hour workday, If he works for 22

Deepen tivity 1. Problem Solving 1. A university professor who reccives a basic monthly salary of P80,000, a living allowance of P2,000 per month, and has an investment of P500,000 which carns an interest of 6% per year. Suppose this university professor has to pay also each year P245,880 for income tax, 912,000 for Philhealth, P1,200 for Pag-ibig and P86,400 for GSIS contributions. What is his (a) gross income (b) net income? id 0481 for an 8.hour workday, If he works for 22

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Related questions

Q: Company investment says will pay out $64,000 at the end of 3 years. To invest, you'll need to…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: Suppose that a young couple has just had their first baby and they wish to ensure that enough money…

A: Step 1: The question has been solved in writing. You can put it into Excel format. (My Excel is not…

Q: An initial investment of $50,000 in Whispering's Bunks is expected to pay off greatly-but not…

A: Accounting rate of return (ARR) helps the firm determine the average rate of return that a project…

Q: A student has an internship in their senior year whereby they were able to save some money (call…

A: "Here, various saving amount is given in the question. We are taking the Saving Amount of Group-1…

Q: 2. Upon graduating from college this year, you expect to earm $25,000 per year. If you get your BBA,…

A: Face value of loan is the value for which a borrower is going to take loan. The interest amount is…

Q: ABC common stock is expected to have extraordinary growth in earnings and dividends of 22% per year…

A: Note: Hi! Thank you for the question, As per the honor code, We’ll answer the first question ,please…

Q: Veronica is trying to save money to do her graduate study in USA and she can invest 32,000 at annual…

A: Solution:When an amount is invested somewhere, it earns interest on it.The amount initially invested…

Q: year to go to school for 2 years. The total cost of going to school is $30,000. If you want to be…

A: The question is related to minimum income to recover the loss suffered over a period of 7 years.…

Q: 2. You have just turned 30 years old, have just received your MBA, and have accepted your first job.…

A: The future value and present values of annuites and growing annuities: An annuity is a fixed cash…

Q: Tuition at the Home State University is currendy $10,000 per year, increasing college to fund an…

Q: Your hard work in college paid off, quite literally, and you received a graduate assistantship for…

A: Future Value-Future value (FV) is the value of a current asset at a future date based on an assumed…

Q: 2.11 Heddy is considering working on a project that will cost her $20 000 today. It will pay her $10…

A: Cash flows represent the amount of cash generated by the firm from its normal business operations.…

Q: This is a classic retirement problem. A friend is celebrating her birthday and wants to start saving…

A: a) Working note:

Q: $ 60,000.00 Length of time needed from today 4 Interest

A: Loan duration refers to the term of the loan by which the loan amount must be repaid along with the…

Q: Question 1 The dean of the School of Business and Applied Arts at Red River College in Winnipeg…

A: It is the case of establishing a scholarship program that can offer scholarships immediately every…

Q: A neighborhood shopping center is expected to generate after-tax cash flow of $750,000 per year (at…

A: The capacity of an investment to create future cash flows, after taking into account the risk that…

Q: Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows.…

A: Given: Particulars Colby Hepworth Kylie Sorensen Carsen Nabors Rahn Booth Initial cash flows…

Question

Deepen
Activity 1. Problem Solving
1. A university professor who receives a basic monthly salary of P80,000, a living allowance of P2,000
per month, and has an investment of P500,000 which carns an interest of 6% per year. Suppose
this university professor has to pay also each year P245,880 for income tax, 912,000 for Philhealth,
P1,200 for Pag-ibig and P86,400 for GSIS contributions. What is his (a) gross income (b) net income?
2. A minimum wage earner in Metro Manila is paid P481 for an 8-hour workday. If he works for 22
days in one month, what would be his gross monthly income? Suppose the minimum wage carner
is exempted from paying income tax. His deductions per month are P100 for Pag-ibig, P200 for
PhilHealth and P363.30 for SSS then what is his net monthly income?
3. Jane receives a basic pay of P9,880.00 a month and a 2% commission on her sales. She sold
P105,000 for the month. Her deductions are: 4% for SSS based on her basic monthly pay; P100.00
for the PhilHealth; Pag-Ibig, 2%; and 10% Withholding Tax based on gross earnings. Compute for
her net pay.
4. Karen receives a basic pay of P8,900.00 a month and a 1% commission on her sales. She sold
P68,000.00 for the month. Her deductions are: 4% for SSS based on her basic monthly pay; P100.00
for PhilHealth; Pag-Ibig, 2%; and 10% Withholding Tax based on gross earnings. Computer for net
рay.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Payback Period < Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. a. Colby Hepworth has just invested $600,000 in a book and video store. She expects to receive a cash income of $120,000 per year from the investment. b. Kylie Sorensen has just invested $1,640,000 in a new biomedical technology. She expects to receive the following cash flows over the next 5 years: $350,000, $490,000, $820,000, $520,000, and $300,000. c. Carsen Nabors invested in a project that has a payback period of 4 years. The project brings in $960,000 per year. d. Rahn Booth invested $1,400,000 in a project that pays him an even amount per year for 5 years. The payback period is 2.5 years. Required: 1. What is the payback period for Colby? Round your answer to two decimal places. 5 years 2. What is the payback period for Kylie? Round your answer to one decimal place. years 3. How much did Carsen invest in the project? $ 4. How much cash does Rahn receive each…
Weighted average cost of capital Personal Finance Problem John Dough has just been awarded his degree in business. He has three education loans outstanding. They all mature in 5 years and he can repay them without penalty any time before maturity. The amounts owed on each loan and the annual interest rate associated with each loan are given in the following table: ns John can also combine the total of his three debts (that is, $64,000) and create a consolidated loan from his bank. His bank will charge an annual interest rate of 6.2% for a period of 5 years. Should John do nothing (leave the three individual loans as is) or create a consolidated loan (the $64,000 question)? The weighted average annual interest rate on John's current loan portfolio is %. (Round to two decimal places.) John should (Select from the drop-down menu.) Enter your answer in the answer box. ype here to search
ff1
WITH SOLUTION PLS Suppose you make an annual contribution of P8,698 each year to a college fund for a niece. He is 6 years now, and you will start next year and make the last deposit when he is 18. The fund is a money market account earning 5.29% per year. What will it be worth immediately after the last deposit?
How do I work this problem in excel? You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are 10%, is this a good investment for you?
Pls show complete steps thanks..
calculate the annual payment and complete the following capital recovery schedule.
O SYSTEMS OF EQUATIONS AND MATRICES Solving a tax rate or interest rate problem using a system of... Last year, Charlie had $30,000 to invest. He invested some of it in an account that paid 10% simple interest per year, and he invested the rest in an account that paid 8% simple interest per year. After one year, he received a total of $2640 in interest. How much did he invest in each account? First account: 2$ Second account: $ Explanation Check Terms of Use | Privacy Accessibility 2020 McGraw-Hill Education. All Rights Reserved. MacBook Pro
You decided to save every month for the next ten years a certain amount so that you can make a down payment for a house in your early thirties. If you think you can make an annual return of 9% and you think you will need to save $50,000 for the down payment, how much should that monthly payment be? a. $258 b. $464 c. $3291 d. $536
what is AJEs? T1 Feb 1 You invest $10,000 into your brand new company, Just for Kicks. T2 Feb 1 You obtain a bank loan of $20,000 at a rate of 8% per year. T3 Feb 2 You purchase 50 pairs of shoes from Sloan's Shoes. Total cost is $2,500 terms 2/10, net 30. T4 Feb 3 Go to Staples to buy a desk, chair, and filing cabinet etc for a total of $1,100. T5 Feb 3 When at Staples you also purchase $500 worth of packing and office supplies. T6 Feb 4 You pay $400 for the first month of Shopify's Advanced Features. T7 Feb 6 With the website set up, you make your first sales - 10 pairs of shoes at an average price of $120 each.…
#1 only
Ans

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS