Republic of the Philippines Document Code:

SCC-IU-300376-QF-TS-013
Department of Education
Region I Revision: 00
SCHOOLS DIVISION OF SAN CARLOS CITY
Cluster of Implementing Units Effectivity date: 11-05-2018
San Carlos City, Pangasinan
Name of School: ABANON
ASSESSMENT TEMPLATE NATIONAL HIGH SCHOOL

4th QUARTER SUMMATIVE TEST

School Year: 2021-2022

BUSINESS MATHEMATICS 11
Learning Area

I. Write the letter of the correct answer before the number.

_____1. It is an additional 10% premium given to an employee who works between 10:00 PM and 6:00 AM.
A. overtime pay C. night shift differential
B. premium pay D. maternity leave

_____2. It is a two-month leave given to an employee who underwent surgery due to gynecological
disorders.
A. maternity leave C. vacation leave
B. sick leave D. magna carta for women

_____3. It is a compensation given to employees who are validly dismissed or terminated from a company.
A. separation pay C. holiday pay
B. retirement pay D. overtime pay

_____4. It is a paid leave of 105 days granted to pregnant employees which can be extended for an
additional 30 days.
A. maternity leave C. vacation leave
B. sick leave D. magna carta for women

_____5. It is given to an employee upon reaching the age of 60-65, equivalent to at least half-month salary
for every year of service.
A. separation pay C. holiday pay
B. retirement pay D. overtime pay

_____6. It is a monetary bonus that is given either in two instalments (May and December) or in full (before
December 24) equivalent to 1/12 of the annual basic salary.
A. service charge C. holiday pay
B. 13th month pay D. meal allowance

_____7. It is an additional compensation given to an employee who renders service beyond the maximum
number of working hours per day.
A. overtime pay C. night shift differential
B. premium pay D. separation pay

_____8. It is an additional compensation if an employee worked during non-working days such as rest days
and special holidays.
A. overtime pay C. holiday pay
B. premium pay D. separation pay

_____9. These are the amount collected by some restaurants, hotels, night clubs, and the like, shared by
employees and management.
A. service charge C. minimum wage
B. transportation allowance D. meal allowance
 Republic of the Philippines Document Code:
SCC-IU-300376-QF-TS-013
Department of Education
Region I Revision: 00
SCHOOLS DIVISION OF SAN CARLOS CITY
Cluster of Implementing Units Effectivity date: 11-05-2018
San Carlos City, Pangasinan
Name of School: ABANON
ASSESSMENT TEMPLATE NATIONAL HIGH SCHOOL

_____10. It grants seven (7) days of fully paid leave to married fathers that is effective up to the first four
deliveries of the legitimate spouse.
A. maternity leave C. paternity leave
B. vacation leave D. sick leave

_____11. Which of the following is not a benefit of a wage earner?

A. separation pay C. 13th month pay
B. service incentive leaves D. GSIS premium

_____12. Which of the following is a taxable benefit?

A. 13th month pay C. rice subsidy
B. overtime pay D. meal allowance

_____13. Which of the following is not a de minimis benefit?

A. monetized leave credits C. 13th month pay
B. rice subsidy D. clothing allowance

_____14. Which of the following is a non-taxable benefit?

A. transportation allowance C. night shift differential
B. premium pay D. holiday pay

_____15. How much is the allowable limit for the total 13th month, bonuses, and excess of de minimis
benefits?
A. ₱80,000 C. ₱90,000
B. ₱82,000 D. ₱92,000

II. Classify the following as to taxable or non-taxable benefit. Write T if the benefit listed is Taxable and NT
for non-taxable benefit.

_____1. meal allowance

_____2. holiday pay
_____3. 13th month pay
_____4. rice subsidy
_____5. overtime pay
_____6. monetized leave credits
_____7. uniform allowance
_____8. premium pay
_____9. laundry allowance
_____10. medical cash allowance
_____11. Wages
_____12. Salaries
_____13.Commissions
_____14.Royalties
_____15.Cash gift

III. Match the each definition below on the terms given inside the box. Write the letter of your answer on a
separate sheet of paper.

_____1. It is given to employees who are validly dismissed or terminated from a company.

_____2. These are the amount collected by some restaurants, hotels, night clubs, and the like, shared by
employees and management.
 Republic of the Philippines Document Code:
SCC-IU-300376-QF-TS-013
Department of Education
Region I Revision: 00
SCHOOLS DIVISION OF SAN CARLOS CITY
Cluster of Implementing Units Effectivity date: 11-05-2018
San Carlos City, Pangasinan
Name of School: ABANON
ASSESSMENT TEMPLATE NATIONAL HIGH SCHOOL

_____3. It is an additional compensation given to an employee who renders service beyond the maximum
number of working hours per day.

_____4. It is a paid leave of 105 days granted to pregnant employees which can be extended for an
additional 30 days.

_____5. It is an additional compensation if an employee worked during non-working days such as rest days
and special holidays.

_____6. It is a five-day leave with pay which can be used for sick and vacation leave purposes.

_____7. It is a monetary bonus that is given either in two installments (May and December) or in full (before
December 24).

_____8. It is an additional 10% premium given to an employee who works between 10:00 PM and 6:00 AM.

_____9. It is given to an employee upon reaching the age of 60-65, equivalent to at least half-month salary
for every year of service.

_____10. It is a two-month leave given to an employee who underwent surgery due to gynecological
disorders.

A. Retirement Pay F. Service Charges

B. Service Incentive Leave G. Maternity Leave
C. Overtime Pay H. 13th Month Pay
D. Night Shift Differential I. Magna Carta for Women
E. Premium Pay J. Separation Pay

IV. Solve the following problems.Show your solutions. Box your final answer. Use the back sheet of this
page or another sheet/s of paper for your solutions.

1. Loren earns money by commission rates. She gets 5% of everything she sells. If she sold Php 289000
worth of items this month, what is her salary for the month?

2. Mei receives Php 20 000 a month plus a 6% commission rate in everything she sells. If Mei sold Php
85000 worth of items this month, what is her salary for the month?

3. Cathy is a sales manager who is earning an annual salary of Php 240 000. Compute her monthly gross
earnings assuming that her total sales is Php 110000 based on the following commission schedule:
First Php 30 000 - 4%
Next Php 30 000 – 5%
Over Php 60 000 – 6%

Prepared by:
FRIZZAN KHAEL C. SORIANO
Subject Teacher