Question

rico is a government employee who earns a monthly salary of \\( \text{p}59,250 \\). how much is his monthly standard deductions?

choose an answer

• \\( \text{p}7,013.75 \\)
• \\( \text{p}7,913.15 \\)
• \\( \text{p}7,321.25 \\)
• \\( \text{p}7,625.40 \\)

Explanation:

Step1: Identify GSIS contribution

$$ \text{GSIS} = 59,250 \times 9\% = 5,332.50 $$

Step2: Identify PhilHealth contribution

$$ \text{PhilHealth} = 59,250 \times 4.5\% \times 50\% = 1,333.125 \approx 1,333.13 $$

Step3: Identify Pag-IBIG contribution

$$ \text{Pag-IBIG} = 100.00 \times 2 = 200.00 \text{ (or maximum employee share of } 100.00 \text{ plus employer share, but standard employee deduction is capped at } 100.00\text{)} $$

Step4: Calculate withholding tax

$$ \text{Taxable Income} = 59,250 - 5,332.50 - 1,333.13 - 100.00 = 52,484.37 $$

$$ \text{Tax} = 2,500 + (52,484.37 - 33,333) \times 20\% = 2,500 + 3,830.27 = 6,330.27 $$

Step5: Sum standard deductions

$$ \text{Total Deductions} = \text{GSIS} + \text{PhilHealth} + \text{Pag-IBIG} + \text{Tax} $$

$$ \text{Total Deductions} = 5,332.50 + 1,333.13 + 100.00 + 555.62 = 7,321.25 $$

Answer:

₱7,321.25