What is the monthly net take home pay? * A. P25,000 B. P24,486.67 C. P23,385 D. P22,871.67
What is the monthly net take home pay? * A. P25,000 B. P24,486.67 C. P23,385 D. P22,871.67
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the monthly net take home pay? *
A. P25,000
B. P24,486.67
C. P23,385
D. P22,871.67

Transcribed Image Text:Mr. Alpha, is an employee of ABC Company. He is nof engaged in
business nor has any other source of income other than his employment. For
2020, Mr. Alpha earned a monthly compensation income of Php 25,000
inclusive of his monthly contribution to SSS 1,125, PhilHealth 390, and HDMF
amount to Php 100. He also received 13th month pay and bonuses amounting
to Php50,000.00.
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