Question

1. Sarah, a new employee of SIHM Company started working on January 2020. She is under
contract which will be expired July 2020. the starting salary is P32,800 and on her 3rd month,
a 20% increase of her salary from her base pay all the way to 6th month. the commission
only started on her 4th month, half of what she earns per month. she renewed her contract
on her 8th month for a starting salary of 35, 000 til december 2020. but during that time,
there was no commission already instead, she got 3 allowances. the first allowance
amounted to 1/4 of her base pay from the 8th month. the 2nd allowance amounted to 15,400
and 3rd allowance is the total of 1st and 2nd allowances.
Compute for:
1. Gross Income of 2020
2. Taxable Income
3. Net Income

Answer 1

Answer:

lating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for retirement, or need a loan, we need more mathematics.

Simple Interest

Discussing interest starts with the principal, or amount your account starts with. This could be a starting investment, or the starting amount of a loan. Interest, in its most simple form, is calculated as a percent of the principal. For example, if you borrowed $100 from a friend and agree to repay it with 5% interest, then the amount of interest you would pay would just be 5% of 100: $100(0.05) = $5. The total amount you would repay would be $105, the original principal plus the interest.