Question: Using the following information: Basic pay P55,000 Allowances 10,000 Deductions: SSS, Philhealth, Pag-ibig contributions 6,000 Loan payments 5,000 Withholding tax 12,000 Compute the net pay

Using the following information:

Basic pay P55,000

Allowances 10,000

Deductions:

SSS, Philhealth, Pag-ibig contributions 6,000

Loan payments 5,000

Withholding tax 12,000

Compute the net pay of the employee

a. P59,000

b. P54,000

c. P42,000

d. P32,000

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