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

Standard problem

Standard

An employee has a monthly gross pay of ₱25,000. Deductions are: SSS ₱1,125, PhilHealth ₱625, Pag-IBIG ₱200, and withholding tax ₱437.50. What is the net pay?

Show step-by-step solution

Answer: 22612.5 ₱

Total deductions: $1125 + 625 + 200 + 437.50 = 2387.50$ .
Net pay = gross pay − deductions = $25{,}000 - 2387.50 = 22{,}612.50$ .

Common errors to watch for

Forgetting one of the four deductions.
Adding deductions instead of subtracting them.

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.