WHAT'S MORE Activity 1 ESSAY: Choose five (5) statutory benefits of a wage earner. Discuss each...

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WHAT'S MORE Activity 1 ESSAY: Choose five (5) statutory benefits of a wage earner. Discuss each and give examples. You will be graded based on the following cnteria Areas of Assessment ideas 1768.63 Organization Understanding Timeliness 5 Presents Ideas in an original manner Strong and organized beg/mid/end Presents Ideas in a consistent manner Organized beg/mid/end Writing shows Wrning shows strong understanding 2 ideas are too general Some organization; attempt at a beg/mid/end Writing shows adequate understanding understanding Submitted on | 1 day pass the | 2 days pass time due date the due date 1 ideas are vague or unclear No organization; lack beg/mid/end Writing shows little understanding over 2 days pass the due date WHAT I CAN DO ACTIVITY 2: Tell whether the following benefits are taxable or not. Explain why. 1. Clothing allowance of Php 8,500 per annum. 2. Cash gift amounting Php 3,500 3. Medical assistance amounting Php 10,000 4. Php 5,000 Christmas bonus given to employees. 5. Php 8,000 annual laundry allowance. 6. Thirteenth month pay amounting Php 25.900 7. Monetized unused 6-day vacation leave amounting Php 8,300 8. One sack of rice subsidy per month 9. Meal allowance of Php 200 per day 10. Medical cash allowance given to dependents amounting Php1,500 per month ASSESSMENT Compute the faxable income and income tax of the following employee. computations. Show your 1. Gloria Diaz, accounting staff with a monthly salary of Php 32,000. 2. Pia Wurtzbach, sewer, living in Cavite, a minimum wage earner. 3. Catriona Gray, bookkeeper, with a monthly salary of Php 53,500 Jose Dantes, security guard of SM Dasmarias, a minimum wage earner, he is also given COLA amounting Php 60.00 per day. 5. James Reid, a front desk attendant, receiving a monthly salary of Php 34,000, he is also given a COLA amounting Php 250.00 per day. buldi Pretest: Direction: Write TRUE if the statement is correct, FALSE if incorrect. 1. Republic Act No. 9262 (also known as the "Anti-Violence Against Women and their Children Act of 2004") mandates the fixing of the minimum wages applicable to different industrial sectors. 2. Every employee covered by the Holiday Pay Rule is entitled to the minimum wage rate at least 200% of his/her minimum wage rate even if he/she did not report for work, provided he/she is present or is on leave of absence with pay on the work day immediately preceding the holiday. 3. Overtime pay refers to the additional compensation for work performed beyond eight (8) hours a day. 4. Special pay refers to the additional compensation for work performed within eight (8) hours on non-work days, such as rest days and special days. 5. Night Shift Differential (NSD) refers to the additional compensation of ten percent (10%) of an employee's regular wage for each hour of work performed between 10 p.m. and 6 a.m. 6. Every employee who has rendered 6 months of service is entitled to Service Incentive Leave (SIL) of five (5) days with pay. 7. The maternity leave benefit shall be for one hundred five (105) days with full pay. 8. The paternity leave shall be for seven (15) calendar days, with full pay, consisting of basic salary and mandatory allowances fixed by the Regional Wage Board. 9. The thirteenth month pay should be given to the employees not later than December 24 of every year. WHAT'S MORE Activity 1 ESSAY: Choose five (5) statutory benefits of a wage earner. Discuss each and give examples. You will be graded based on the following cnteria Areas of Assessment ideas 1768.63 Organization Understanding Timeliness 5 Presents Ideas in an original manner Strong and organized beg/mid/end Presents Ideas in a consistent manner Organized beg/mid/end Writing shows Wrning shows strong understanding 2 ideas are too general Some organization; attempt at a beg/mid/end Writing shows adequate understanding understanding Submitted on | 1 day pass the | 2 days pass time due date the due date 1 ideas are vague or unclear No organization; lack beg/mid/end Writing shows little understanding over 2 days pass the due date WHAT I CAN DO ACTIVITY 2: Tell whether the following benefits are taxable or not. Explain why. 1. Clothing allowance of Php 8,500 per annum. 2. Cash gift amounting Php 3,500 3. Medical assistance amounting Php 10,000 4. Php 5,000 Christmas bonus given to employees. 5. Php 8,000 annual laundry allowance. 6. Thirteenth month pay amounting Php 25.900 7. Monetized unused 6-day vacation leave amounting Php 8,300 8. One sack of rice subsidy per month 9. Meal allowance of Php 200 per day 10. Medical cash allowance given to dependents amounting Php1,500 per month ASSESSMENT Compute the faxable income and income tax of the following employee. computations. Show your 1. Gloria Diaz, accounting staff with a monthly salary of Php 32,000. 2. Pia Wurtzbach, sewer, living in Cavite, a minimum wage earner. 3. Catriona Gray, bookkeeper, with a monthly salary of Php 53,500 Jose Dantes, security guard of SM Dasmarias, a minimum wage earner, he is also given COLA amounting Php 60.00 per day. 5. James Reid, a front desk attendant, receiving a monthly salary of Php 34,000, he is also given a COLA amounting Php 250.00 per day. buldi Pretest: Direction: Write TRUE if the statement is correct, FALSE if incorrect. 1. Republic Act No. 9262 (also known as the "Anti-Violence Against Women and their Children Act of 2004") mandates the fixing of the minimum wages applicable to different industrial sectors. 2. Every employee covered by the Holiday Pay Rule is entitled to the minimum wage rate at least 200% of his/her minimum wage rate even if he/she did not report for work, provided he/she is present or is on leave of absence with pay on the work day immediately preceding the holiday. 3. Overtime pay refers to the additional compensation for work performed beyond eight (8) hours a day. 4. Special pay refers to the additional compensation for work performed within eight (8) hours on non-work days, such as rest days and special days. 5. Night Shift Differential (NSD) refers to the additional compensation of ten percent (10%) of an employee's regular wage for each hour of work performed between 10 p.m. and 6 a.m. 6. Every employee who has rendered 6 months of service is entitled to Service Incentive Leave (SIL) of five (5) days with pay. 7. The maternity leave benefit shall be for one hundred five (105) days with full pay. 8. The paternity leave shall be for seven (15) calendar days, with full pay, consisting of basic salary and mandatory allowances fixed by the Regional Wage Board. 9. The thirteenth month pay should be given to the employees not later than December 24 of every year.