Question: base your computation on philippines setting 2021 9. Lemuel works as a sales representative from Nissan Davao. His hourly rate is Php 75.00, he is

base your computation on philippines setting 2021

base your computation on philippines setting 2021 9. Lemuel works as a

9. Lemuel works as a sales representative from Nissan Davao. His hourly rate is Php 75.00, he is paid with an overtime rate of time and a half. His time record shows that he has an overtime of 5 hours for August 1-15 and 6 hours for August 16-30. He also receives a 5% commission for his sales for the month. He sold 1 unit of Nissan Terra worth Php 1,500,000 and 2 units of Nissan Almera worth Php 2,225,000. Compute for the following: 1. Regular Pay 2. Overtime pay 3. Overtime premium 4. Commission 5. Total Compensation for the month 6. Non-taxable benefits 7. Government mandated contributions (enumerate) 8. Withholding Tax 9. Total deductions from gross pay 10. Net pay I S OF ABM1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!