Answer to Question #336197 in Financial Math for ting

Question #336197

Kaira is the secretary to the president and she receives a basic monthly pay of P29,750.00. She is a granted a meal allowance of P1,050.00 and clothing allowance of P2,000.00 per month. Her deductions are 3.63% for SSS based on her basic monthly pay, P200.00 for Philhealth, P4,167.00 + 20% over P15,850.00 for withholding tax, and 2% for PAG-IBIG based on gross earnings. Compute her gross earnings and net pay for the month of November.


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