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Chapter 5

SOCIO – ECONOMIC ASPECT

In this chapter includes the amount of labor to be employed, the

amount of taxes to be paid to the government and the benefits that the people

will acquire from this project.

The firm employs Manager, Assistant Manager, Operational Manager,

Sales Manger, Cashier, and Production Workers. Each of the employees will

be given the right compensation and all the benefits that they will be needed.

Also the security and safety of each worker will be properly implemented.

The compensation for the employees will be followed according to the

minimum wage law.

Taxes to the Government

The KKG Incorporated will have the obligation to pay the right

amount of taxes to be able to help bear the government. The management

will strictly follow the twelve - (35%) tax rate from the company’s total net

income.
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Contribution to the Philippine Economy

The KKG Incorporated has in mind how to help build up the

Philippine economy. Through this project, we will be able to more jobs to

the people who cannot find jobs due to lack of job opportunities and also due

to their appalling records. The employment of workers for the company will

help diminish the problem of the county concerning about the

unemployment. In accordance with this business flow, more people are then

expected to be given job opportunities. Aside from that we can also

encourage crop farmers to produce “Malunggay”. We can make them as our

main supplier for our product. This feasibility study could also provide more

ideas on how to enhance the use of “Malunggay” and bear out much more

uses of it. If it is to materialize and if made possible, could help the growth

of our economy (particularly the local market producers0 with the inflow of

income and taxes from the business such as this.

This study is also expected to enhance the stability of the labor

industry with the influx of the more local business enterprises. This study

will cater on how to create or establish a effective and efficient business and

yet cheap (in terms in capital). Particularly, this study will help to cater our

Philippine economy in solving the economic condition of our country today.