Complete the table below. Show your solution.

Basic monthly salary Php 28,500.00

Daily rate Php 1,425.00
Date started July 1, 2018
Length of employment for the calendar year (by March 31, 2019) 8 months
Unpaid leave 2 days
Total annual income (minus unpaid absences) Php 225,150.00
13th month pay Php 18,762.50

Solution:

Daily rate

Basic monthly salary = Daily rate

20

28,500.00 = 1, 425.00
20

Total annual income

Basic monthly salary x Length of employment - Unpaid leave = Total annual income

28, 500.00 x 8 - 2,850.00 = 225,150.00

13th month pay

Annual Basic Salary (minus unpaid absences) /12 months = 13th month pay

Php 225,150.00 = Php 18,762.50

12