Answer to Question #245277 in Financial Math for Shasha

Question

Esperanza is paid on a daily basis she is paid 312 pesos a day plus commission of 1.5% on all her sales or total sales for the month or 38,000 235 she work for a total of 24 and a half days monthly deductions are four and a half of total monthly paper sss 75 pesos for medicare and 3% of total monthly pay for withholding tax union dues every month is 20 pesos compute for net pay

Answer 1

Net pay = Total earning - Deductions

Total earning = $24.5*312 + 24.5(1.5\%*38000.235 )=21609.08636$

Deductions =$4.5 \%* 21609.08636+75+3\%* 21609.08636+20 = 1715.681477$

Net pay = Total earning - Deductions $21609.08636-1715.681477=19893.40488$

$=19893 peso$