Answer to Question #313290 in Financial Math for Wondering

Question

B.Caridad is a Product Manager receiving an annual salary of P118,000.00 She receives commission on her own sales of 1% and an override of of 1% on her men's sales. She sold P128,560.00 for the past month. Her men all receive a basic pay of P7,860.00 a month and a commission of 2% on their respective sales plus bonus of 14% on all sales exceeding P200,000.00. Her men's sales are as follows: F. Sta. Cruz, P125 230.00; A. Tante, P96 975.00; M. Umali, P239,100.00 and E. Inocencio, P108,675.00. The company deducts SSS contributions of 3.63% and PhilHealth contributions of P100.00 and 1% for Withholding tax. Compute for.

a.Gross earnings of B. Caridad

b. Net pay of B. Caridad

C. Gross earnings of each of the salesmen

d. Use Excel to incorporate (a) and (b).

3.Helen receives a monthly salary of P18 800.00. Compute for her:

a.annual salary

b. weekly salary

c.daily rate for 5-day week

d. semi-monthly salary

e.bi-weekly salary

f. hourly rate for 40-hour week