5. mila earns a monthly salary $ \text{p}10,000 + 8\% $ of $ \text{p}30,000 $ sales. compute her monthly gross pay, mandatory deductions, and net pay.

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{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "explain_then_answer", "tutor", "mastery_adaptive_brevity" ], "needs_drawing": false, "concepts_used": [ "Gross Pay", "Mandatory Deductions", "Net Pay" ], "new_concepts": [], "current_concepts": [ "Gross Pay", "Mandatory Deductions", "Net Pay" ] } ## Calculate monthly gross pay Using the *Gross Pay* knowledge point $$ \begin{aligned} \text{Base Salary} &= \text{₱}10,000 \ \text{Commission} &= 8\% \times \text{₱}30,000 = 0.08 \times 30,000 = \text{₱}2,400 \ \text{Gross Pay} &= \text{Base Salary} + \text{Commission} \ \text{Gross Pay} &= \text{₱}10,000 + \text{₱}2,400 = \text{₱}12,400 \end{aligned} $$ ## Determine mandatory deductions Using the *Mandatory Deductions* knowledge point $$ \begin{aligned} \text{Exemption Threshold} &= \text{₱}20,833 \text{ per month (TRAIN Law)} \ \text{Gross Pay} = \text{₱}12,400 &< \text{₱}20,833 \ \text{Withholding Tax} &= \text{₱}0.00 \ \text{SSS Contribution} &= 4.5\% \times \text{₱}12,400 = \text{₱}558.00 \ \text{PhilHealth Contribution} &= 2.5\% \times \text{₱}12,400 = \text{₱}310.00 \ \text{Pag-IBIG Contribution} &= \text{₱}100.00 \ \text{Total Deductions} &= \text{₱}558.00 + \text{₱}310.00 + \text{₱}100.00 = \text{₱}968.00 \end{aligned} $$ ## Calculate monthly net pay Using the *Net Pay* knowledge point $$ \begin{aligned} \text{Net Pay} &= \text{Gross Pay} - \text{Mandatory Deductions} \ \text{Net Pay} &= \text{₱}12,400.00 - \text{₱}968.00 = \text{₱}11,432.00 \end{aligned} $$ * **Monthly Gross Pay:** ₱12,400.00 * **Mandatory Deductions:** ₱968.00 (consisting of SSS: ₱558.00, PhilHealth: ₱310.00, Pag-IBIG: ₱100.00, and Withholding Tax: ₱0.00 under the tax exemption threshold) * **Net Pay:** ₱11,432.00 { "subject": "Business", "question_type": "Free Response", "knowledge_point": [ "Business", "Accounting", "Payroll Calculations" ] }

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Explanation:

Calculate monthly gross pay

Determine mandatory deductions

Calculate monthly net pay

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