1. **Monthly Rate**: - There are typically 12 months in a year. - Monthly Rate = Yearly Rate / 12 - Monthly Rate = 240,000 / 12 - **Monthly Rate = Php 20,000**2. **Daily Rate**: - Yearly Rate is divided by the number of working days in a year. - Daily Rate = Yearly Rate / Working Days - Daily Rate = 240,000 / 288 - **Daily Rate = Php 833.33**3. **Hourly Rate**: - Assuming a standard 8-hour workday. - Hourly Rate = Daily Rate / 8 - Hourly Rate = 833.33 / 8 - **Hourly Rate = Php 104.17**So, the monthly rate is Php 20,000, the daily rate is Php 833.33, and the hourly rate is Php 104.17.
So, the rates are:- Monthly Rate: Php 20,000- Daily Rate: Php 833.33- Hourly Rate: Php 104.17