Mr. Sadot Basa earns a monthly income of 45,690. He receives his income twice a month (15th and 30th ). Assume that compulsory contributions are to be deducted from employees every 30th . Mr. Basa had 5 tardiness this month and is to be deducted the amount of 341.25 on the 30th ; there were 2 holidays this month so he has to receive the amount of 7,029.23 both to be given on the 15th , plus the benefit on laundry 3,400 (15th ), load allowance 800 (30th ), and rice allowance 5,500(30th ). Compute for his take home pay on the 15th and 30th

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
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Mr. Sadot Basa earns a monthly income of 45,690. He receives his income twice a
month (15th and 30th ). Assume that compulsory contributions are to be deducted
from employees every 30th . Mr. Basa had 5 tardiness this month and is to be
deducted the amount of 341.25 on the 30th ; there were 2 holidays this month so he
has to receive the amount of 7,029.23 both to be given on the 15th , plus the benefit
on laundry 3,400 (15th ), load allowance 800 (30th ), and rice allowance 5,500(30th ).
Compute for his take home pay on the 15th and 30th

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