lOMoARcPSD|21312270 BMAT Quizzes W11-20.docx kritikal (AMA Computer University) Studocu is not sponsored or endorsed by any college or university Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 LA9 Mr. Quan has a fixed annual salary of Php189,003. How much is his salary if he receives it twice a month? Question 1 Mr. Sun earns a compensation worth Php260 per hour. Answer: PHP7,875.13 SQ9 Answer: W Question 1 Question 2 A worker earns Php200 per article written. Mr. Shock has a fixed monthly salary of Php27,845.75. How much is his quarterly salary rate? Answer: W Answer: PHP83,537.25 Question 2 Question 3 Mr. Troy has a fixed semi-monthly salary of Php15,755.25. How much is his annual salary rate? Joh has "No Work No Pay" worker. Answer: PHP378,126.00 Answer: W Question 3 Question 4 Question 5 A worker person receives a fixed monthly salary regardless of overtime. Mr. Quan has a fixed annual salary of Php189,003. How much is his semi-annual salary rate? Answer: S Answer: PHP94,501.50 Question 4 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Ms. Pack has a fixed monthly salary of Php25,805.75. How much is her annual salary rate? Mr. Quan has a fixed annual salary of Php189,003. How much is his monthly salary rate? Answer: PHP309,669.00 Answer: PHP15,750.25 Question 5 Question 9 A regularly employed person receives an annual compensation worth Php246,000. Mr. Quan has a fixed annual salary of Php189,003. How much is his semi-monthly salary rate? Answer: S Answer: PHP7,875.12 Question 6 Question 10 Mr. Quan has a fixed annual salary of Php189,003. How much is his quarterly salary rate? Mr. Brock has a fixed semi-annual salary of Php50,555.75. How much is his bi-monthly salary rate? Answer: PHP47,250.75 Answer: PHP16,851.92 Question 7 LA10 Ms. Hellen has a fixed bi-monthly salary of Php30,456.25. How much is her annual salary rate? Answer: PHP182,737.50 Question 8 Question 1 Mr. Franz is factory worker earning Php650.75 per regular work day For the month of November, he was able to work 8 hours a day for 13 days. How much will he receive as compensation? Answer: PHP8,459.75 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 worked for 4 hours a day from October 24 to 28 she worked for 2 hours a day. She became absent on October 31. How much is her compensation for the month of October? (round off in the final answer only) Question 2 Mr. Franz is factory worker earning Php65.50 per two hours. For the month of November, he was able to work 7 hours a day for 19 days. How much will he receive as compensation? Answer: PHP3,312.50 Answer: PHP4,355.75 SQ10 Question 3 Question 1 Mr. Han is working in Region IX, he earns Php37 per hour. M. Spark is working at ARMM, he earns Php265 per regular work day. Answer: M Question 4 Answer: M Ms. Grace is an online English teacher earning Php250 per hour. She works for 4 hours during weekdays and 6 hours during week-ends. How much is her weekly compensation? Question 2 Mr. Lim is a Revenue Officer at the Bureau of Internal Revenue. He has an annual salary worth Php228,924. How much is his fixed monthly compensation? Answer: PHP8,000.00 Answer: PHP19,077.00 Question 5 Question 3 Ms. Faith is a minimum wage earner in ARMM. From October 3 to 7,she has worked for 8 hours a day. From October 10 to 14, she has worked for 6 hours a day. From October 17 to 21, she has Mr. Brand works at NCR, he earns Php500 per normal work day. Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Answer: N article composed of 900-1499 words and Php400 for articles composed of at least 1,500 words. For the Month of December, he wrote fifteen 1000-word articles and ten 1500-word articles. How much is his compensation? Question 4 Mr. Mark is working in Region X, he earns Php85 after working for 2 hours. Answer: PHP8,500.00 Answer: N Question 8 Question 5 Mr. Sixto is a minimum wage earner in Region IX. Last November 7, 2016, he worked for 7 hours only. How much is his compensation for this said date? Ms. Romyna is a minimum wage earner in Region II. She worked 8 hours a day for 20 days. How much is her total compensation? Answer: PHP259.00 Answer: PHP6,000.00 Question 9 Question 6 Mr. Franz is factory worker earning Php65.50 per hour. For the month of November, he was able to work 8 hours a day for 20 days. How much will he receive as compensation? Mr. Franz is factory worker earning Php65.50 per hour. For the month of November, he was able to work 5 hours a day for 15 days. How much will he receive as compensation? Answer: PHP10,480.00 Answer: PHP4,912.50 Question 10 Question 7 Mr. Dan is an online freelance article writer whose compensation is based on the number of work completed. He earns Php300 for Ms. Fe works at Region II, she earns Php37.50 per hour. Answer: M Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 LA11 authorization, he worked on Friday-January 1, 2016. How much is his earning for the said date? Question 1 Ms. Macky worked from 10:00 pm to 11:30 am. Aside from the overtime pay, she is also entitled for an additional payment for working in late at night. Answer: PHP600.00 Question 5 Grace regularly works from Monday to Friday and earns a rate of Php450 in a day. This wage includes Php440 basic wage and Php10 Cost of Living Allowance (COLA). On Tuesday- November 1, 2016, a special non-working day, Grace worked overtime for about 2 hours. How much is her overtime pay? Answer: NIGHT SHIFT (NS) Question 2 Mr. Ferdie works beyond the normal 8 hours. He is entitled for additional compensation. Answer: Answer: OVERTIME PAY (OP) SQ11 Question 3 Question 1 Ms. Jen has a fixed monthly salary of Php15,455.75 She was not promoted and did not have any salary increase. How much will be her 13th month pay? Answer: PHP15,455.75 Question 4 John is a minimum wage earner in Region II. Regularly, he works during weekdays (Monday-Friday). With proper company The company is using the Minimum NSD formula. The auditor conducted an inventory count. In order to ensure that the inventories are not being moved elsewhere while he is supervising the count he decided that this activity will be conducted after the normal operating time of the business. He started working from 10 pm up to 5 am. How much will he receive as nightshift differential if his daily salary rate exclusive of COLA is Php500? Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Answer: PHP43.75 Question 2 Answer: HOLIDAY PAY (HO) Question 5 Grace regularly works from Monday to Friday and earns a rate of Php460 in a day. This wage includes Php450 basic wage and Php10 Cost of Living Allowance (COLA). For the whole Sunday -January 1, 2017, Grace rendered her services from 10:00 pm to 11:30pm. How much is her nightshift differential? (Round off your answer to the nearest centavo) The police officer receives Php540 per month as hazard pay. How much hazard pay will he receive for the whole year? Answer: PHP6,480.00 Question 6 Grace regularly works from Monday to Friday and earns a rate of Php460 in a day. This wage includes Php450 basic wage and Php10 Cost of Living Allowance (COLA). For the whole Sunday -January 1, 2017, Grace worked for a total of 10 hours. How much is her overtime pay? Answer: PHP28.52 Question 3 Ms. Chaka earns a regular compensation of Php15,500 per month from January up to October. Because she was promoted to a higher position, she now has a regular compensation of Php20,100 from November to December. How much will be her 13th month pay? (Round off your answer to the nearest centavo) Answer: PHP380.25 Question 7 Mr. Ken has a fixed monthly salary rate of Php20,000. He was promoted on March and his salary rate increased to Php25,000 per month. How much will he receive ass 13th month pay on December? Answer: PHP16,266.67 Question 4 Jenny worked during new year's day. She is entitled for additional compensation. Answer: PHP24,166.67 Question 8 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Ms. Jen received a basic pay of Php12,000; overtime pay of Php3,500; rice allowance worth Php500, uniform allowance worth Php4,000; and employee achievement award worth Php4,500. How much is her total de minimis benefits? Answer: RA Question 2 Chick and Ken are rank and file employees of ABCD Company. Jen has a house is nearby the company office so she just walks toward the office every day. On the other hand, Ken is just renting a room in a small boarding house. The company laws states that rank and file employees are entitled to receive Php2,000 as fixed housing allowance. How much housing allowance will Ken receive in a year? Answer: PHP9,000.00 Question 9 Ms. Margarita received rice allowance from her employer. Answer: DE MINIS (DM) Question 10 Answer: PHP24,000.00 Question 3 Aside from the monthly salary, the teachers received an amount equal to their total annual compensation divided by twelve. Jen and Ken are rank and file employees of ABCD Company. Jen’s house is nearby the company office so she just walks toward the office every day. On the other hand, Ken’s house is several kilometers away from their work place so he always commutes every day. The company laws states that rank and file employees are entitled to receive Php1,000 as fixed monthly transportation allowance. How much will be the combined annual transportation allowance of Jen and Ken? Answer: THIRTEEN MONTH (TM) LA12 Question 1 A representation allowance is a fixed monthly expense allowance given by employers to employees for organization related activity representation. Answer: PHP24,000.00 Question 4 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Mr. Han has a basic salary of Php10,000 per month. How much is the employer's share in the PagIBIG contribution? Answer: PHP971.70 Question 3 Answer: PHP100.00 Mr. Han has a basic salary of Php10,000 per month. How much is the total employer's SSS contribution? (Employer's share + Employee Compensation Fee) Question 5 Aside from John’s salary, he also earns a commission on products sold. He gets Php5 per item sold. Answer: PHP746.70 Question 4 Answer: COMMISSION (COM) ABC Company has high level of income for the year 2016. The employees got direct share from the net income. SQ12 Question 1 Answer: PS This is a type of allowance offered to employees of a company to compensate for their travel from residence to and from respective workplace location. Question 5 For the month of January, Mr. Ken worked for 20 days, he worked 8 hours per day. He is a minimum wage earner from NCR and receives a minimum wage of Php491. The minimum wage is composed of Php481 basic wage and Php10 Cost of Living Allowance (COLA). How much is his total COLA for the month? Answer: TA Question 2 Mr. Han has a basic salary of Php10,000 per month. How much is the total employer's share in the SSS, Pag-IBIG and PhilHealth contributions? (exclude employee compensation fee) Answer: PHP200.00 Question 6 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 These contributions are shared by the employee and the employer. John has a fixed monthly representation allowance worth Php1,500. How much is his quarterly representation allowance? Answer: SGPP Question 7 Answer: PHP4,500.00 LA13 Mr. Han has a basic salary of Php10,000 per month. How much is the employer's share in the PhilHealth contribution? Question 1 Mr. Ken is not a minimum wage earner. He received Php2,500 as overtime pay. Answer: PHP125.00 Question 8 Answer: T This is a fixed monthly allowance granted to employees to help them in their housing and rentals fees Answer: FHA Question 9 Aside from John’s salary, he also earns a commission on products sold. He gets Php15 per item sold by him. Supposing that he sold an average of 10 items per day for 20 days, how much is his commission? Answer: PHP3,000.00 Question 10 Question 2 Instructions: Compute for the total non-taxable compensation income using the given data only (Do not assume other values). You may use th BIR Income tax calculator. In order to have uniform answers, please follow the answer formats given. For currency answers, use the format "PhpX,XXX.XX", Use comma to separate thousands, always give two decimal places and round off to the nearest the centavo. For the month of July, Mr. King received a compensation worth Php16,000; Hazard Pay Php1,000; overtime pay Php123.75; Commissions Php5,990.75. Mr. King is not a minimum wage earner. Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Answer: PHP0.00 Answer: N SQ13 Question 3 Question 1 Instructions: Compute for the total non-taxable compensation income using the given data only (Do not assume other values). You may use th BIR Income tax calculator. In order to have uniform answers, please follow the answer formats given. For currency answers, use the format "PhpX,XXX.XX", Use comma to separate thousands, always give two decimal places and round off to the nearest the centavo. Mr. Joe earns a commission worth Php15,000. Answer: T Question 2 Ms. Katrina is working in ARMM. Her basic salary is Php30,000 a month. Mr. Hayden is not a minimum wage earner. He has a basic pay of Php18,555.55; Travel allowance Php5,555.55 and a representation allowance Php888.55. Answer: PHP0.00 Answer: T Question 3 Question 4 For the month of April, Mr. Kang received a compensation worth Php6,000; Hazard Pay Php1,000; overime pay Php123.75; Commissions Php5,990.75. Mr. Kang is a minimum wage earner. Mr. Pen is a minimum wage earner. He received Php1,000 as hazard pay. Answer: PHP7,123.75 Answer: N Question 4 Question 5 Mr. DJ is working in Region II. His basic salary for a month consisting of 20 working days is Php6000. Mr. Hayden is a regular employee (not a minimum wage earner) with a basic pay of Php28,555.55; Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Travel allowance Php5,555.55 and a representation allowance Php888.55. His share for SSS, Pag-IBIG and PhilHealth contribution is Php993.80. Question 8 Ms. Kring is a minimum wage earner. Her basic pay is Php8,555.55; Travel allowance Php5,555.55 and a representation allowance Php888.55. Answer: PHP993.80 Question 5 Answer: PHP8,555.55 For the month of March, Mr. B from NCR received a basic compensation worth Php10,000; Hazard pay worth Php1,000; night shift differential worth Php350.25; travel allowance worth Php2,000. Mr. B is a minimum wage earner. Question 9 Mr. Hayden is a minimum wage earner. He has a basic pay of Php8,000.50; De minimis benefits worth Php3,535.75; Overtime pay worth Php2,589.50; Holiday pay worth of Php3,578.50. Answer: PHP11,350.25 Question 6 Answer: PHP17,704.25 For the month of February, Mr Joe received a compensation worth Php6,000. Commissions Php5,990.75. Mr. Joe is a minimum wage earner. Question 10 For the month of January, Mr. A from NCR received a basic compensation worth Php50,000. COLA Php200. Mr. A is not a minimum wage earner.His share for SSS, Pag-IBIG and PhilHealth contribution is Php993.80. Answer: Php6,000 Question 7 Answer: Php993.80. Mr. Kong is a minimum wage earner. He received a basic pay of Php5,555.55. LA14 Question 1 Answer: Php5,555.55 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Correct His SSS, GSIS, PAG-IBIG Contributions and Union Dues was Php1,000. He is a minimum wage earner. How much is the withholding tax? Mark 1.00 out of 1.00 Flag question Answer: PHP0.00 Question 4 Question text Instructions: Type T if the statement is true and F if it is false. Mr. D, a married resident citizen, has 2 dependent children. For the month of November, his basic pay was Php30,000. He also received an overtime pay worth Php3,500 and hazard pay of Php3,000. His SSS, GSIS, PAG-IBIG Contributions and Union Dues was Php1,000. He is not a minimum wage earner. How much is the withholding tax? Mr. B, a married resident citizen, has one legitimate child and three illegitimate children. His additional exemption is Php100,000. Answer: T Question 2 Answer: PHP6,066.57 Mr. X, a married resident citizen, has 2 dependent children. He has a gross annual taxable compensation income of Php360,000. Mr. X is not a minimum wage earner. What is the annual income tax? Question 5 Mr. Z, a single resident citizen without any dependent has a gross annual taxable income of Php360,000. In addition, he also earned Php100,000 income from his business. Mr. Z is not a minimum wage earner. What is the annual income tax? Answer: PHP53,000.00 Question 3 Answer: PHP98,000.00 Mr. B, a married resident citizen, has one dependent child. For the month of January, he received a compensation worth Php10,000. SQ14 Question 1 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Mr. S, a married resident citizen, has eleven children. His personal exemption is Php50,000. Answer: Php3,854.25 Question 5 Answer: F Mr. A, a married resident citizen, has two dependent children. For the month of January, he received a compensation worth Php35,000. His SSS, GSIS, PAG-IBIG Contributions and Union Dues was Php1,000. He is not a minimum wage earner. How much is the withholding tax? Question 2 Mr. C, a single resident citizen, has one dependent child. For the month of February, he received a basic pay worth Php30,000. He is not a minimum wage earner. How much is the withholding tax? Answer: Php5,616.57 Answer: PHP5,041.77 Correct Question 3 Mr. X, a married resident citizen, has 2 dependent children. He has a gross annual taxable income of Php360,000. In addition, he also earned Php200,000 income from his business. Mr. X is not a minimum wage earner. What is the annual income tax? Marks for this submission: 1.00/1.00. Accounting for previous tries, this gives 0.67/1.00. Question 6 If the annual net taxable compensation income is Php250,000 and annual net income from business is Php250,000. What is the annual income tax? Answer: PHP113,000.00 Question 4 Answer: PHP125,000.00 Mr. C, a married resident citizen, has 10 illegitimate children of which three are considered as dependents. For the month of July, his basic pay was Php30,000. He is not a minimum wage earner. How much is the withholding tax? Question 7 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Mr. A, a married resident citizen, has one dependent child. His total personal exemption is Php75,000. Question 1 In 2014, Gross profit of a company was Php2,000,000 while its expenses were Php450,000. In 2015, Gross Profit of the company was Php3,500,000 while expenses were Php830,000. If corporate income tax rate is 30%, what is the total increase in net income from 2014 up to 2015? Answer: F Question 8 Ms. D, a single resident citizen, has no child. Her additional exemption is Php50,000. Answer: Answer: F Question 2 Question 9 Considering the data given, how much is the average annual income of ABCD Company? (Round off the answer to the nearest centavo) Ms. K, a single resident citizen, has two dependent children. Her additional exemption is Php50,000. Answer: T Question 10 If the annual net taxable compensation income is Php150,000 and annual net income from business is Php100,000. What is the annual income tax? Answer: PHP4,833,333.33 Answer: PHP50,000.00 LA15 Question 3 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 A data presentation method which is composed of rows and columns. Question 1 What is the second highest income that the company has earned? Answer: TBL Question 4 Anna used vertical bars to compare the volume of sales of different types of items. Answer: GRP Question 5 How much will be the total sales if the following were the selling price of the juices; Orange Php22;Pineapple Php21; Strawberry Php20, Guyabano Php20, Grapes Php21. Answer: PHP8,000,000.00 Question 2 A person submitted a typewritten description and interpretation of data. Answer: TXT Question 3 What is the total net amount to be received by the employees from the employer? Answer: PHP760.00 SQ15 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 much can he save within five school days? Answer: PHP105,718.49 Question 4 What is the total quantity of juice sold? (answer should be expressed in whole number only) Answer: PHP650.00 Question 6 How much will the employer remit to the Bureau of Internal Revenue? Answer: 36 Question 5 The data on the pie chart is based on the Php200 allowance of John. The expenses for fair and food is fixed. The rest of his allowance will go to his savings. If his allowance will be increased to Php300, how Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Answer: PHP18,839.31 much can he save within five school days? Question 7 Composed of written words and numbers. Answer: TXT Feedback Correct Marks for this submission: 1.00/1.00. Question 8 Answer: PHP0.00 Question 10 In 2014, Gross profit of a company was Php2,000,000 while its expenses were Php450,000. In 2015, Gross Profit of the company was Php3,500,000 while expenses were Php830,000. If corporate income tax rate is 30%, what is the total net income from 2014 up to 2015? Using a pie chart to represent data. Answer: GRP LQ3 Answer: Php2,954,000.00 Question 1 Question 9 The data on the pie chart is based on the Php200 allowance of John. The expenses for fair and food is fixed. The rest of his allowance will go to his savings. If his allowance will be decreased to Php170, how Mr. Go earned a total wage of Php550 after working for 4 hours. How much will he earn if he will work for 7 hours? c. Php962.50 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 words and Php400 for articles composed of at least 1,500 words. For the Month of December, he wrote fifteen 1000-word articles and ten 1500-word articles. How much is his compensation? Question 2 Mr. Franz is factory worker earning Php65.50 per hour. For the month of November, he was able to work 8 hours a day for 20 days. How much will he receive as compensation? d. Php8,500 Question 6 b. Php10,480 John is a minimum wage earner in an NCR –based Company. The minimum wage rate set by the government is Php491 per day, this composed of the basic wage worth Php481 and the Cost of Living Allowance (COLA) worth Php10. Regularly, he works during weekdays (Monday-Friday). Because there are things that are needed to be done as soon as possible, the company required John to work on Sunday -January 1, 2017. How much is his earning for that day? Question 3 Mr. Fan is a contractual worker in Region I having a wage rate of Php34 per hour. How much does he earn in a normal work day? a. Php272 Question 4 Romyna has a salary of Php25,000. How much is her PagIBIG contribution (employee's share)? b. Php1,270.60 Question 7 c. Php500 Mr. Gosh is a minimum wage earner in NCR. He earns Php475 per day. How much is his daily basic pay? Mr. Dan is an online freelance article writer whose compensation is based on the number of work completed. He earns Php300 for article composed of 900-1499 a. Php465 Question 5 Question 8 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 This method of presenting data makes use of columns and rows. Php500 and Php1,000 employee achievement award. How much is the total de minimis benefits? c. tabular method Select one: Question 9 a. Php2,500 Ben is a minimum wage earner in an NCR –based Company. The minimum wage rate set by the government is Php481 per day, this composed of the basic wage worth Php471 and the Cost of Living Allowance (COLA) worth Php10. Regularly, he works during weekdays (Monday-Friday). The company needs to finish something at this date so it required John to work on Saturday-December 31, 2016 even it was declared as a special non-working day. How much is his earning for that day? Question 12 Nikki, a married individual with no child, is a non-minimum wage earner who has a monthly salary of Php30,000. Her total (employee's share) SSS, PhilHealth, Pag-IBIG and other contributions were Php1,000. How much is her personal and additional exemption? Select one: a. Php50,000 d. Php706.50 Question 13 Question 10 Which method of presenting data can give you a detailed or comprehensive view on the topic? a. textual method Question 11 Mr. John received Php 2,000 overtime pay, rice allowance worth Php1,000,uniform allowance Nikki, a married individual with no child, is a non-minimum wage earner who has a monthly basic pay of Php30,000. Her total (employee's share) SSS, PhilHealth, Pag-IBIG and other contributions were Php1,000. How much is her gross taxable compensation income for the month? b. Php29,000 Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 January 1, 2016 because he enjoyed this da with is family. How much is his earning for that day? Question 14 Mr. Lex is a police officer. He receives Php390 pesos per month as hazard pay. How much is his annual hazard pay? d. Php471 Question 18 b. Php4,680 The company is using the Minimum NSD formula. The auditor conducted an inventory count. In order to ensure that the inventories are not being moved elsewhere while he is supervising the count he decided that this activity will be conducted after the normal operating time of the business. He started working from 10 pm up to 5 am. How much will he receive as nightshift differential if his daily salary rate exclusive of COLA is Php500? Question 15 Grace is a minimum wage earner in Region II. She worked overtime for 2 hours. How much is her overtime pay in an ordinary working day? c. Php93.75 Question 16 d. Php43.75 Which is not included in the group Question 19 a. Representation Allowance Which is not included in the group Question 17 c. SSS, GSIS, PHIC & Pag-ibig Contributions Ben is a minimum wage earner in an NCR –based Company. The minimum wage rate set by the government is Php471 per day, this composed of the basic wage worth Php461 and the Cost of Living Allowance (COLA) worth Php10. Regularly, he works during weekdays (Monday-Friday). He did not render his services on Friday- Question 20 The Annual Net Taxable Compensation Income of tax payer is worth Php300,000. How much will be the income tax? Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 c. Php65,000 Living Allowance (COLA) worth Php10. Regularly, he works during weekdays (Monday-Friday). With proper company authorization, he worked on Friday-January 1, 2016. How much is his earning for that day? Question 21 Mr. Han is earning a daily rate of Php500 at NCR. From this statement we can say that b. Php942 a. Mr. Han is not a minimum wage earner Question 25 Question 22 Ben is a minimum wage earner in an NCR –based Company. The minimum wage rate set by the government is Php481 per day, this composed of the basic wage worth Php471 and the Cost of Living Allowance (COLA) worth Php10. Regularly, he works during weekdays (Monday-Friday). He did not render his services on Tuesday-November 1, 2016 because it’s All Saints day. How much is his earning for that day? Romyna has a salary of Php25,000. How much is her SSS contribution (employee's share)? a. Php581.30 Question 23 Romyna has a salary of Php25,000. How much is her PhilHealth contribution (employee's share)? b. Php 0 Question 26 Where do employers remit the taxes withheld? b. Php312.50 Question 24 a. BIR Ben is a minimum wage earner in an NCR –based Company. The minimum wage rate set by the government is Php471 per day, this composed of the basic wage worth Php461 and the Cost of Question 27 Mr. John received representation allowance worth Php3,400, Downloaded by John Bert Mazo (mazojohnbert@gmail.com) lOMoARcPSD|21312270 Transportation allowance totaling to Php3,000 and housing allowance worth 300. How much is the total benefits received? c. Php6,700 Question 28 Grace regularly works from Monday to Friday and earns a rate of Php450 in a day. This wage includes Php440 basic wage and Php10 Cost of Living Allowance (COLA). On Tuesday- November 1, 2016, a special non-working day, Grace worked overtime for about 2 hours. How much is her overtime pay? d. Php290.13 Question 29 This is a process by which the sovereign, through its law-making body, raises revenues to defray the necessary expenses of the government. b. Taxation Downloaded by John Bert Mazo (mazojohnbert@gmail.com)