Week 8 - Compensation and Benefits

It is defined as payment for work or services rendered that is computed on hourly, daily, or weekly basis.

• Wage

• Salary

• Compensation

• Wage Rate

It is a form of wage that is fixed and computed weekly, every 15 days, or monthly.

• Wage

• Salary

• Compensation

• Wage Rate

The following options below are some benefits of wage earner EXCEPT

• Exemption from paying income tax

• 13th month pay

• Cost of living allowance

• Exemption from paying SSS, PhilHealth, and Pag-IBIG

The following options below are de minimis benefits given by employer EXCEPT

• Medical allowance

• Sick leave

• Rice subsidy

• Movie allowance

All amounts in excess of their respective ceiling will be added to the 13th month pay and other benefits in determination of the P82,020 nontaxable ceiling.

• The statement is true

• The statement is false because the nontaxable ceiling should be P82,200

• The statement is false because the nontaxable ceiling should be P82,000

• The statement is either true or false.

Jake is a wage earner in RMI manufacturer and paid 93 pesos per hour. If he works 10 hours per day, what will be his daily wage?

• P930

• P744

• P920

• P750

Datu is a private school teacher that works for 8 hours and paid P850 per day as his daily wage rate. What will be his wage rate per hour?

• P106.25

• P96.25

• P98.55

• P116.35

Argen receives a total amount of de minimis benefits of P84,000. He also received his 13th month pay a total of P30,500. How much of these is taxable?

• P32,500

• P30,500

• Nothing is taxable

• P2,000

The gross income of Arianne for 12 months of work was P168,000. How much shall she expect to receive as 13th month pay?

• P14,000

• P12,000

• P10,000

• P13,000

Shaira is a wage earner that works for 8 hours and paid P580 per day as her daily wage. If she works 5 days in a week, how much will be his weekly wage?

• P2,900

• P3,480

• P4,060

• P2,890