Monthly Income 15th 30th

Source of Income Amounts (estimated) Total

Job ₱ 15,000.00 ₱ 15,000.00 ₱ 30,000.00
Non-taxable income ₱ 2,000.00 ₱ - ₱ 2,000.00
Gross income before deductions and tax ₱ 17,000.00 ₱ 15,000.00 ₱ 32,000.00
Business ₱ 818,547.20 ₱ 1,023,184.00 ₱ 1,841,731.20
Total Income before deductions and tax ₱ 835,547.20 ₱ 1,038,184.00 ₱ 1,873,731.20

Monthly income before deductions and tax ₱ 1,875,731.20

Deductions and Benefits
SSS Contribution ₱ 1,600.00
EC Contribution ₱ 30.00
PhilHeath Contributions (2.75%) ₱ 51,582.60
GSIS Contribution (12%) ₱ 22,508.77
Pag-IBIG Contribution (2.0%) ₱ 37,514.62 ₱ 113,235.99
Gross Income after deductions ₱ 1,762,495.21

Gross income after deductions ₱ 1,762,495.21

less: non-taxable income ₱ 2,000.00
TAXABLE INCOME ₱ 1,760,495.21
less: Withholding taxes (12%) of taxable income ₱ 21,125.94
INCOME AFTER TAX ₱ 1,739,369.27
add: Non-Taxable Income ₱ 2,000.00
ACTUAL MONTHLY INCOME/SALARY ₱ 1,741,369.27
 Fixed expenses
Rentals ₱ 1,500.00
Internet ₱ 1,200.00
Insurance ₱ 5,000.00
SSS Premium ₱ 12,000.00
PhilHealth Premium ₱ 8,000.00
Pag-IBIG Premium ₱ 5,000.00
Withholding taxes ₱ 5,436.00
Employee Salaries after tax ₱ 453,000.00
TOTAL ₱ 491,136.00

Variable expenses
Groceries ₱ 1,000.00
Electricity ₱ 900.00
LPG ₱ 400.00
Parking ₱ 200.00
Tours ₱ 1,500.00
Charity ₱ 5,000.00
Miscellaneous ₱ 50.00

TOTAL ₱ 9,050.00

OTHER EXPENSES
Equipment repairs ₱ 500.00
Emergency fees ₱ 750.00
Give aways ₱ 950.00
Free tastes ₱ 1,000.00

TOTAL ₱ 3,200.00

TOTAL EXPENSES ₱ 503,386.00

 SAVINGS
Emergency fund ₱ 250,000.00
Retirement ₱ 150,000.00
Other savings ₱ 300,000.00

TOTAL ₱ 700,000.00

FROM THE OPERATIONS

Net Income ₱ 1,741,369.27
less: Total Expenses ₱ 503,386.00
REMAINING ₱ 1,237,983.27

TOTAL REMAINING SAVINGS ₱ 1,937,983.27