E
Refers to a fixed amount of money paid regularly to an employee, usually monthly.
SALARY
It is a monetary compensation paid by an employer to an employee in return for the work or services they perform.
WAGES
Amounts withheld from an employee's gross pay as required by law or authorized by agreement. Common examples in the Philippines include SSS, PhilHealth, Pag-IBIG, and withholding tax.
DEDUCTIONS
A fee paid to an agent or employee for transacting business, or an official authorization or group assigned to perform a specific task.
COMMISSION
Additional pay given for working beyond regular working hours.
OVERTIME
The amount an employee receives after all required deductions have been deducted from the gross pay. It is also known as the take-home pay.
NET INCOME
The total amount earned by an employee before any deductions are made. It includes the basic salary, overtime pay, commissions, and piece-rate earnings.
GROSS INCOME
Earnings based on the number of items or products completed.
PIECEWORK EARNINGS
Extra money provided by employers for specific needs like food or transportation.
ALLOWANCES
Additional compensation received for work performed during designated night hours.
NIGHT DIFFERENTIAL
Collected by the Government based on the taxable income.
WITHHOLDING TAX
Part of the mandatory deduction that provides housing loans and savings benefits.
PAG-IBIG
Part of the mandatory deduction that provides health insurance benefits.
PHILHEALTH
Deduction for regular government employees is a mandatory monthly premium equivalent to 9% of your basic monthly salary.
GSIS
Part of the mandatory deduction that the contribution rate is 15% of your Monthly Salary Credit (MSC)
SSS
Maria earns ₱650 per day and works 5 days a week. What is her weekly wage?
3,250
John receives a monthly salary of ₱24,000. Assuming 4 weeks in a month, what is his weekly salary?
6,000
A worker earns ₱15 for every bag produced. If 120 bags are completed, how much is earned?
1,800
If total deductions amount to ₱2,500 and gross pay is ₱20,000, what is the net pay?
17,500
If a tailor earns ₱80 per uniform sewn and finishes 18 uniforms, what is the total earning?
1,440
A part-time employee earns ₱200 per hour and works 5 hours daily for 18 days. How much is the total wage?
18,000
A salesperson earns 5% commission on sales. If total sales were ₱400,000, how much commission did the salesperson earn?
20,000
A car salesperson receives a monthly salary of ₱18,000 plus 3% commission on sales. If total sales were ₱700,000, what is the gross income?
39,000
A worker earns ₱200 per hour. He rendered 6 hours of overtime on a regular working day. Overtime is paid at 125% of the hourly rate. How much overtime pay did he earn?
1,500
A worker earns ₱180 per hour and worked 40 regular hours plus 5 overtime hours. Overtime is paid at 125% of the hourly rate. What is his total earnings?
8,325