Grace has a monthly salary of 30,000. She also received a 5,000 performance bonus this month. Compute her gross income, government-mandated deduction, and net pay.
Answer (1)
GivenMonthly salary = ₱30,000Bonus = ₱5,000Gross Income = ₱30,000 + ₱5,000 = ₱35,000Deductions (SSS, PhilHealth, Pag-IBIG) = 12%SolutionDeductions = ₱35,000 × 0.12 = ₱4,200Net Pay = ₱35,000 – ₱4,200 = ₱30,800
