Republic of the Philippines

Department of Education
Cordillera Administrative Region
Division of Apayao
FLORA NATIONAL HIGH SCHOOL
Poblacion East, Flora, Apayao

BUSINESS MATH
SECOND SEMESTER S.Y. 2019-2020

SECOND SUMMATIVE
A. Write CPA if the statement is True and LPT if the statement is False.
1. All wage earners can avail all benefits of any wage earner.
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2. Thirteenth month pay is equivalent to of the annual salary of any employees.
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3. The total earnings of any employee is not always equal to the basic pay.
4. An employer can give 14th month pay to all of his employees that is equivalent to the 13th month pay.
5. Living allowance is a must benefit given to all employees.
6. A pregnant employee may not be qualified for a maternity leave benefit.
7. Holiday and special pays are synonymous.
8. Retirement benefit can only be availed if the age of an employee is more than or equal to 60 years old.
9. Tax exemption benefit to minimum wage earners are only limited to the basic salary excluding allowances.
B. State whether the following is a benefit of a wage earner or not. Write WOW for yes and NOT WOW for no.
10. Special Pay Day 14. Health Insurance 18. Holiday Pay 22. Living Allowance
th
Travel Allowance 15. Motor Car Insurance 19. 13 month Pay 23.Maternity Benefit
11. Tax 16. Leave without Pay 20. Rice Incentive
12. Paternity Leave 17. SSS Premium Pay 21. 5 – year service pay
C. Read carefully the problem. Solve and show your solution. Round off into two decimal point for the final answer. (1pt
each)
24. Mr. Samson received an annual salary of ₱300,000. At the end of the year, what would be his 13th month pay?
25. Mr. Almario has a ₱700,000 annual basic income as an Accountant Officer I. He started working in 1980 and retired
in 2010. How much is his retirement pay after a service in the company?
26. De Leon has given an allowances at exactly 5% and 4.55% of his salary. He has a salary of ₱35,475.25, where his
allowances are fair and meal. What is his allowances for the month?
27. Mrs. Hernandez has a 98 leave credits and she wants to convert the 12 days into cash. How much will she get if her
annual salary is ₱249,048?
28. Ana Magiting wants to retire at the age of 57 and she begin working at the age of 21. How much will Ms. Magiting
get for the retirement pay if her daily wage is ₱2,542?
29. Ms. Magiting receives an annual salary of ₱357,900. At the end of the year, what would be his 13th month pay?
30. Karen will retire this August 2020 and she will be 31 years in the service. How much is the minimum retirement pay
of Karen if she has a ₱1,290.54 average daily rate?
Prepared by:
REIZEL JANE I. PASCUA
Subject Teacher