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

Standard problem

Standard

Gross monthly pay is ₱20,000. Deductions: SSS ₱1,000, PhilHealth ₱500, Pag-IBIG ₱200. Annual income is below ₱250,000 so no withholding tax applies. Find the net pay.

Show step-by-step solution

Answer: 18300 ₱

Total deductions: $1{,}000 + 500 + 200 = 1{,}700$ .
Net pay: $20{,}000 - 1{,}700 = 18{,}300$ pesos.

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.