SECgurado ka na ba: Income Island

What is the current minimum wage rate for non-agriculture workers in Metro Manila?

• P645

• P650

• P700

• P750

What agency is charged with the responsibility of integrating, coordinating, and monitoring skills development programs?

• Technical and Educational Skills Development Authority

• Technical Education and Skills Development Authority

• Technical, Educational, and Skills Development Authority

• Technical Education and Satisfactory Development Agency

Which of the following tax types is imposed on the earnings of individuals?

• Value-added tax

• Income tax

• Corporate income tax

• Capital gains tax

Which government agency primarily regulates financing and lending companies?

• Bangko Sentral ng Pilipinas

• Credit Information Corporation

• Securities and Exchange Commission

• Department of Finance

Which of the following departments of the SEC can you contact to complain about the unlawful practices of financing and lending companies?

• External Affairs Department

• Company Registration and Monitoring Department

• Markets and Securities Regulation Department

• Financing and Lending Companies Department

Using the 50-30-20 budget rule, how much should you allocate for your necessary expenses if you are earning P40,000 per month?

• P8,000

• P12,000

• P20,000

• P25,000

Darlene's monthly income is P30,000 and her total monthly debt payments are P10,000. What is her debt-to-income ratio?

• 30%

• 33.33%

• 37%

• 40%

If savings fall short, people would usually resort to borrowing money to pay off their expenses. Which of the following is not good advice in managing debts?

• Borrowing only what you can afford to pay

• Borrowing only for productive purposes

• Borrowing for luxurious desires and not paying it on time

• Paying the borrowed money on time and in full

Under Art. 87 of the Labor Code, how much is the minimum overtime rate to be added to the regular hourly wage of an employee if he/she performs work beyond eight hours on a regular day?

• 10%

• 15%

• 20%

• 25%

Who among the following are exempt from payment of income taxes?

• Minimum wage earners whose annual salary is below P250,000.

• Workers who are earning an annual salary of P275,000 and above.

• Employees who are earning an annual salary of P300,000 and above.

• Managerial workers who are earning an annual salary below P800,000.