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Gross and Net Income

What I Can Do

Joseph, a sales agent at BM Cars Inc., received his pay slip which is shown below.
Using your knowledge on gross and net earnings, help him complete the missing
values. Write your final answers on a separate sheet of paper or notebook. Don’t forget
to show your solutions.
EARNINGS
Basic: 20,000.00
LA/SFA: 1,544.25
TTL: 2,000.00
Holiday Pay: 833.33
Commission 15,000.00
Total Earnings ₱39,377.58

DEDUCTIONS
Tax Whld: 3,858.84
SSS Prem: 800.00
PhilHlth: 300.00
Pag-Ibig: 100.00
SSS Ln: N/A
Cash Adv: N/A
Pag-Ibig LN: N/A
Total Earnings ₱5,058.84

NET PAY
Monthly Net: ₱34,318.74
1st Half Net: ₱17,159.37
2nd Half Net: ₱17,159.37

Net Earnings = ₱39,377.58 - ₱5,058.84 = ₱34,318.74

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