CMATH Pretest

An employee earns ₱420,000 annually. What is their monthly salary?

• ₱35,000

• ₱34,000

• ₱36,000

• ₱38,000

Alvin works 40 hours a week at ₱120 per hour. What is his weekly wage?

• ₱4,500

• ₱4,800

• ₱5,000

• ₱4,200

Lisa is paid ₱100 per hour for regular hours and 1.5 times for overtime. If she worked 48 hours in a week, what is her total pay?

• ₱5,000

• ₱5,600

• ₱5,200

• ₱6,000

If the inflation rate is 6% per year, how much would a product costing ₱500 be after 2 years (compounded annually)?

• ₱530.20

• ₱560.00

• ₱561.80

• ₱580.00

A jacket originally costs ₱2,500. If it is discounted by 20%, how much is the sale price?

• ₱2,000

• ₱2,100

• ₱2,200

• ₱2,300

If a product is subject to 12% VAT and has a selling price of ₱5,600 (VAT inclusive), what is the base price?

• ₱4,900

• ₱5,000

• ₱5,200

• ₱5,400

A business made a profit of ₱25,000 on an item that cost ₱100,000. What is the profit percentage?

• 15%

• 20%

• 25%

• 30%

An employee’s monthly salary is ₱30,000. They contribute ₱1,100 to SSS, ₱100 to PhilHealth, and ₱100 to Pag-IBIG. What is the gross income?

• ₱28,400

• ₱28,500

• ₱28,600

• ₱28,700

Compute the withholding tax using this bracket:

₱20,833 and below – 0%

₱20,834 to ₱33,332 – 20%

of excess over ₱20,833.

If monthly taxable income is ₱30,000, how much is the tax?

• ₱1,833.40

• ₱1,832.60

• ₱1,900

• ₱2,000

Compute the gross pay if an employee works 160 regular hours at ₱100/hour and 10 overtime hours at 125% of the rate.

• ₱16,050

• ₱17,000

• ₱17,150

• ₱17,250