LESSON : Salaries and Wages

A. Benefits of Salary/ Wage Earners

B. Taxable and Nontaxable Benefits
C. Overtime Pay

BUSINESS MATHEMATICS 2ND QUARTER 6th

WEEK LESSON
A. Benefits of Salary/ Wage Earners

Social Insurance (Employer Counterpart)

13th and 14th Month pays
 Sick Leave
Vacation Leave
 Maternity Leave
A. Benefits of Salary/ Wage Earners

De Minimis Benefits ( benefits given on top basic

compensation intended welfare of the employees (ex.
Clothing allowance, rice allowance, chalk allowance, etc.)
 Fringe Benefits
 Paternity Leave
A. Benefits of Salary/ Wage Earners

 Service Incentive Leave

 Solo Parent’s Leave
 Tax Exemptions ( For minimum wage earners)
 Tax Exemptions for Non-minimum wage earners
a. Basic personal exemption P50,000.00
b. Employees’s contribution to GSIS/SSS,
Philhealth, PAG-IBIG
B. Taxable and Nontaxable Benefits
B. Taxable and Nontaxable Benefits
B. Taxable and Nontaxable Benefits
Example Computation:
B. Taxable and Nontaxable Benefits
Example Computation:
C. Overtime Pay

What is a Overtime Pay?

- It is the amount of time a person works
beyond working hours.
C. OVERTIME PAY (EXAMPLE
COMPUTATION)
C. OVERTIME PAY (EXAMPLE
COMPUTATION)
THANK YOU !!!