Term 1 · Weeks 1–2 · Earning Money and Percentages

Standard problem

Standard

The SSS contribution rate is 15% of the monthly salary credit, with the employee paying 5% and the employer 10%. For a ₱20,000 salary credit, how much does the employer pay?

Show step-by-step solution

Answer: 2000 ₱

Employer share: $0.10 \times 20{,}000 = 2{,}000$ pesos.
(Employee share: $0.05 \times 20{,}000 = 1{,}000$ ; total $3{,}000$ .)

Budget of Work competencies

gm11.t1.w2.c1
Solve problems involving salaries, wages, benefits, and deductions (tax computations, overtime pay, and gross and net incomes) using appropriate technology.