SECURED THE BAG
This term describes a set, unchanging amount of money an employee is paid monthly or annually, regardless of their daily output.
SALARY
This is the big total number printed on your paycheck that shows your total earnings before anyone takes out any money for taxes or savings.
GROSS INCOME / GROSS PAY
When regular hours end, the clock pays a premium. This is the standard multiplier value applied to an hourly employee's base rate when they work overtime under a standard "time-and-a-half" policy.
1.5
A call center agent earns a monthly salary of ₱24,000. This is how much they receive per semi-monthly paycheck.
PHP 12,000.00
Mandatory government contributions are collectively known as these on a pay slip.
DEDUCTIONS
This workplace system pays an employee a fixed cash rate for each individual item they successfully complete or sew, rather than an hourly wage.
PIECEWORK
Public school teachers and government personnel have their retirement deductions managed at a 9% rate by this state insurance system instead of SSS.
GSIS (Government Service Insurance System)
Liza has a fixed annual salary of ₱456,000. This is the number you divide by to find out how much she gets paid each month.
12
A real estate agent sells a lot for ₱1,000,000 and gets a straight 5% commission. This is the amount of money they make.
PHP 50,000.00
If a worker's contract says they are paid "bi-weekly," this means they receive a paycheck these many times in a single year.
26 TIMES
This incentive system compensates sales agents by giving them a direct percentage slice of the total cash volume of sales they successfully close.
COMMISSION
These three mandatory government agency acronyms represent the standard automated health, housing, and social security cuts taken from private-sector workers.
SSS (Social Security System)
PhilHealth (Philippine Health Insurance Corporation)
Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno)
Maria works 8 hours a day making ₱60 per hour at a coffee shop. This is her total cash for one day.
PHP 480.00
Jose earns an hourly wage of ₱100. If he works 40 regular hours and 4 hours of overtime at a typical 125% (1.25) overtime rate, this is his total earnings for the week.
PHP 4,500.00
Gracia's standard base wage is ₱120 per hour. If her overtime rate is 1.25 times her base wage, this is how much she earns for a single hour of overtime.
PHP 150.00
This is the name for non-taxable cash additions thrown into your pay package to cover daily needs like gas or food.
ALLOWANCE
In the Philippines, this is the agency that sketches away a chunk of your pay to fund your private sector pension.
SSS (Social Security System)
Paolo gets a fixed annual salary of ₱324,000. Following the standard formula to find his weekly pay, this is his weekly amount rounded to the nearest centavo.
PHP 6,230.77
An online tutor gets paid ₱150 per hour. Last week, they worked 30 hours and received a ₱1,000 bonus for excellent student feedback. This is their gross pay.
PHP 5,500.00
James is a warehouse helper paid ₱70/hour for standard hours, with overtime set at 1.5 times his base rate. If he records 45 hours on his timecard, this is his total weekly gross income.
PHP 3,325.00
This is the actual physical cash deposited into your hands after every mandatory fee, loan payment, and tax is subtracted from your earnings.
NET INCOME / NET PAY
A worker works 45 hours in a week where the standard workweek is 40 hours. These extra 5 hours are classified as this.
OVERTIME
Carla’s salary is fixed annually at ₱384,000. She prefers a flat savings cushion and immediately secures 30% of her monthly salary straight into the bank. This is the exact amount she saves every single month.
PHP 9,600.00
Maria earns a basic monthly salary of ₱15,000 plus a 10% commission on any sales exceeding a ₱50,000 quota. If her total sales this month are ₱80,000, this is her total pay.
PHP 18,000.00
Dan earns ₱22 per pair of slippers plus a ₱500 weekly food allowance. If he finishes 180 pairs, this is the gross package he can take or leave.
PHP 4,460.00