Republic of the Philippines

Department of Education
REGION V (BICOL)
SCHOOLS DIVISION OFFICE OF IRIGA CITY
RINCONADA NATIONAL TECHNICAL VOCATIONAL SCHOOL
STO. DOMINGO, IRIGA CITY

Name: ________________________________ BUSINESS MATHEMATICS

Grade and Section: ______________________ 4th Quarter Examination
Teacher: ______________________________ June 22-23, 2023
Score: _______________
I. IDENTIFICATION. Identify what is referred to by each statement below. Choose your answer
in the box below.

Commission 13th Month Pay Wage Salary Plus Commission

Standard Deductions Holiday Pay Salary Gross Earnings
Night Shift Differential Passive Income Wage Earners Total Deductions
Straight Commission Active Income Salary Earners Net Earnings

_____________1. It is a type of commission where a person is paid a percentage of his/her

sales only

_____________2. It is a type of commission where a person gets paid a salary and a

percentage of his/her sales.
_____________3. A fee paid to person who makes a sale.
_____________4. It refers to the employees who receive the salaries and usually get paid
every 15 days (semi-monthly).
_____________5. Usually associated with employee compensation that is based on the
number of hours/days worked multiplied by an hourly/daily rate of pay
_____________6. The type of income when the payment is not directly tied to active work.
_____________7. The total amount earned by any person before deductions are made.
_____________8. It is a monetary bonus which is mandated by the law that is given
either in two installments (May and December) or in full (before December 24).
_____________9. An employee who work between 10:00 PM and 6:00 AM receives an
additional 10% premium.
_____________10. These are mandatory and fixed amount or a percentage of the basic
salary held by any authority as a form of necessary dues.
II. Compute for the amount of commission.
Amount of Sales Rate of Commission Amount of Commission
₱ 1200.00 4.5% 11.
₱ 3800.00 8% 12.
₱ 52360.00 6% 13.

III. Classify each of the following profession/job as to salary as to salary earner or wage
earner. Write SE if the given is a salary earner and WE if it is a wage earner.
____________14. engineer
____________15. carpenter
____________16. factory worker
IV. Determine whether the following is a benefit of a wage earner or not. Draw for
benefit and for no.
____________17.13th month pay
____________18. income tax
____________19. GSIS premium
V. Classify the following as to taxable or non-taxable benefit. Put a check (/) if it is
taxable and mark x if it is nontaxable.
____________20. meal allowance
____________21. holiday pay
____________22. medical cash allowance

VI. The table below shows the salaries of the “Employee of the Month” in each
department of ABM Company. Complete the table by solving for the missing values.
Show your solutions.

Employees Gross Earnings Deductions Net Earnings

23. R. Vargas ₱ 45,500.00 ₱ 2,300.00

24. F. Tadeo ₱ 23,245.75 ₱ 17,400.25

25. M. Llagas ₱ 3,870.50 ₱ 20,115.00

VII. Solve the following problems.

26. Tiffany is a car sales agent. She is paid commission only at the rate of 2.5%. For the
current month, she sold two cars totaling ₱ 1,875,000.00. What would be his gross
earnings assuming a basic salary of ₱ 12,500.00?
27. McKim is a sales agent for Fly High Realty. She is paid in commission only. She is
given a 2% commission on her sales. For the current month, her sales was ₱
1,035,000.00. What was her commission?
28. Rina, a university assistant professor in a state university gets a monthly salary of
₱45,720.25. How much will he receive if the salary is given semi-monthly?
29. Alliah, a promodiser selling appliances in a department store receives her pay check
bi-weekly. If the daily rate is ₱700 and works 5 days a week, how much will she
receive every pay day?
30. Ms. Marygrace, a manager of the ABM Company earns ₱ 426,020.75 annually. If she
is paid monthly, how much does she get on her paycheck?
31. Ms. Ocbian works as an accountant and gets a salary of ₱17,625.50 which is given
semi-monthly. How much will be her annual salary?
32. Trisha, a minimum wage earner in Metro Manila is paid ₱543.65 for an 8-hour
workday. What is his hourly wage?
33. Kristine works as a math tutor and is paid ₱250 per hour. How much wage does she
earn for a 12-hour per week of work?
34-40. Ms. Son, an engineer in ABM Company, receives the following salaries and benefits.
Using your knowledge on benefits and standard deductions, help her complete the
missing values. Round off your answers to the nearest centavo.
EARNINGS DEDUCTIONS
Basic Salary ₱ 30,250.00 Income Tax 35.
Rice Subsidy ₱ 2,000.00 GSIS 36.
Clothing ₱ 300.00 PhilHealth 37.
Allowance
Medical ₱ 250.00 PAGIBIG 38.
Assistance
Total Earnings 34. Total Deductions 39.
Net Pay 40.

-END-
“The important thing to remember about Mathematics is not to be frightened. Just like in business, you
need to take risk.”