Questions: . How much is Mr. Quiton's gross earnings? . How much is his total deductions? - After subtracting the deductions to the gross earnings, how much is is net earnings?
Questions: . How much is Mr. Quiton's gross earnings? . How much is his total deductions? - After subtracting the deductions to the gross earnings, how much is is net earnings?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Assimilation: Written Work
rections: Analyze the given table In a short bond paper, rewrite table and
en answer the questions below. Submit the output on the specified date
of retrieval.
Name: Ricky Quiton
Position: Clerk
For the month of September 2020
Basic Salary:
Allowances:
Gross Earnings:
P 15,532.00
1,000.00
DEDUCTIONS
Description
Social Security System
PhilHealth
Amount of Deduction
P 1,504.75
900.00
200.00
Pag-IBIG
Current Absences
Total Deductions
756.96
NET PAY
Questions:
1. How much is Mr. Quiton's gross earnings?
2. How much is his total deductions?
3. After subtracting the deductions to the gross earnings, how much is
his net earnings?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5ada8136-ecea-440b-b841-7eef7a78767b%2Ff06855b3-a278-4beb-a3b5-4e8c3e5d1790%2Fg82arr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assimilation: Written Work
rections: Analyze the given table In a short bond paper, rewrite table and
en answer the questions below. Submit the output on the specified date
of retrieval.
Name: Ricky Quiton
Position: Clerk
For the month of September 2020
Basic Salary:
Allowances:
Gross Earnings:
P 15,532.00
1,000.00
DEDUCTIONS
Description
Social Security System
PhilHealth
Amount of Deduction
P 1,504.75
900.00
200.00
Pag-IBIG
Current Absences
Total Deductions
756.96
NET PAY
Questions:
1. How much is Mr. Quiton's gross earnings?
2. How much is his total deductions?
3. After subtracting the deductions to the gross earnings, how much is
his net earnings?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education