Suppose a company can hire either one upper-level manager for P450,000 or 3 rank and file...

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Suppose a company can hire either one upper-level manager for P450,000 or 3 rank and file employees for P150,000 each. Upper-level manager will be given by the company with P180,000 worth of fringe benefits while the three rank and file employees will be given P60,000 worth of benefits each. Required: Compute for the following: 1. Employer share of SSS, PHIC, and Pag-ibig 2. Fringe benefit tax 3. Which do you think is more beneficial to the company, to hire an upper-level manager or to hire 3 rank and file employees? Explain your answer clearly. FORMAT: Gross pay SSS, PHIC, Pag- ibig- ER share Fringe benefits Fringe benefits tax TOTAL Manager 450,000 180,000 Rank and file 1 150,000 60,000 Rank and file 2 Rank and file 3 Suppose a company can hire either one upper-level manager for P450,000 or 3 rank and file employees for P150,000 each. Upper-level manager will be given by the company with P180,000 worth of fringe benefits while the three rank and file employees will be given P60,000 worth of benefits each. Required: Compute for the following: 1. Employer share of SSS, PHIC, and Pag-ibig 2. Fringe benefit tax 3. Which do you think is more beneficial to the company, to hire an upper-level manager or to hire 3 rank and file employees? Explain your answer clearly. FORMAT: Gross pay SSS, PHIC, Pag- ibig- ER share Fringe benefits Fringe benefits tax TOTAL Manager 450,000 180,000 Rank and file 1 150,000 60,000 Rank and file 2 Rank and file 3

Answer rating: 100% (QA)

ANSWER 1 Employer share of SSS PHIC and Pagibig The employers share for SSS PHIC and Pagibig contrib... View the full answer