BUSINESS MATHEMATICS
Learning Activity Sheet – Formative Assessment
Second Quarter –
Activity 1
Directions: Choose the letter of the best answer. Write the letter of your choice on a
separate sheet of paper or notebook. Don’t forget to show your solutions.
1.
Mrs. Mendoza, a high school teacher underwent surgery due to ovarian cysts. What
benefit can she avail?
A. maternity leave C. vacation leave
B. sick leave D. magna carta for women
2. Dianne works as a service crew in a 24-hour fast food chain. She was assigned to
work in a graveyard shift from 10:00 P.M. to 6:00 A.M. Aside from her basic wage,
what benefit can she get?
A. overtime pay C. night shift differential
B. premium pay D. holiday pay
3. Katrina works as a cashier in a supermarket. On a peak season, her employer
asked her to work for additional hours beyond her schedule. What additional
compensation can she get?
A. overtime pay C. night shift differential
B. premium pay D. holiday pay
4. Mang Agustin was asked by his employer to render his service on Saturday, which
is his rest day. What additional compensation can he get if he will work on that day?
A. overtime pay C. holiday pay
B. premium pay D. separation pay
5. A production company terminated ten of its employees due to installation of new
labor-saving machines in the factory. What benefit can they get from the company?
A. separation pay C. holiday pay
B. retirement pay D. overtime pay
6. After dining in a fancy restaurant, Mr. Lim paid ₱350 for the service charge. What
percentage of the collected service charge will be shared by the employees?
A. 100% C. 90%
B. 95% D. 85%
7. Mrs. Garcia, a pregnant employee of the company, is scheduled to have a caesarean
delivery on November. How many days will be given for her maternity leave?
A. 90 days C. 100 days
B. 95 days D. 105 days
8. It is given to an employee upon reaching the age of 60-65, equivalent to at least
half-month salary for every year of service.
A. separation pay C. holiday pay
B. retirement pay D. overtime pay
9. It is a monetary bonus that is given either in two instalments (May and December)
or in full (before December 24) equivalent to 1/12 of the annual basic salary.
A. service charge C. holiday pay
B. 13th month pay D. meal allowance
10. Jessica received a total of ₱120,000 for 13th month pay, bonus and excess of de
minimis benefits. What amount will be taxable?
A. ₱120,000 C. ₱30,000
B. ₱90,000 D. ₱20,000
11. Which of the following is not a benefit of a wage earner?
A. income tax C. 13th month pay
B. service incentive leaves D. separation pay
12. Which of the following is not a de minimis benefit?
A. monetized leave credits C. rice subsidy
B. overtime pay D. clothing allowance
13. Which of the following is a non-taxable benefit?
A. transportation allowance C. night shift differential
B. premium pay D. holiday pay
14. Half of the cashiers of a department store were required to work on Christmas
Day. What benefit will they get aside from their basic pay?
A. vacation leave C. night shift differential
B. overtime pay D. holiday pay
15. It grants seven (7) days of fully paid leave to married fathers that is effective up to
the first four deliveries of the legitimate spouse.
A. vacation leave C. maternity leave
B. sick leave D. paternity leave
Activity 2
Complete the given table by solving for the mandatory deductions of each employee.
Round off your answers to the nearest centavo. Write your answers on a separate
sheet of paper or notebook. Don’t forget to show your solutions. (25 points)
Basic Income Net
Salary SSS GSIS PhilHealth Pag-ibig Tax Earnings
(Monthly)
P 15,000 Php 1,350 Php 262.5 Php 100 none Php13,287.5
P 20,000 Php 800 Php 350 Php 100 none Php 18,750
P 30,000 Php 2,700 Php 525 Php 100 Php 1,168.33 Php 25,506.67
P 35,000 Php 800 Php 525 Php 100 Php 2,538.54 Php 30,948.96
P 50,000 Php 4,500 Php 875 Php 100 Php 5,297.92 Php 39,227.08
YEAR 2021
Basic Salary (Monthly) =Php 15,000.00
● Php 15,000.00 x .09 =Php 1,350.00 (GSIS)
● Php 15,000.00 x 0.0175 = Php 262.5 (PhilHealth)
● Php 15,000.00 > Php 5,000.00 (Php 5,000.00 above =Php 100.00) (PAG-IBIG)
● Php 15,000.00 x 12=Php 180,000.00-Annual Gross Income
→ (Php 1,350 + Php 262.50 + Php 100.00 )x 12
→ Php 1,712.50 x 12= Php 20,550.00-Annual Contribution
→Php 180,000.00 - Php 20,550 =Php 159,450.00-Annual Taxable Income
→ Php 250,000 and below = None income tax (0%)
● Php 15,000.00 - [Php 1,350.00 (GSIS) + Php 262.50 (PhilHealth) + Php 100.00
(PAG-IBIG) ] = Php 13,287.50 (Net Earning)
Basic Salary (Monthly) =Php 20,000.00
● Php 20,000.00 above =Php 800.00 (SSS)
● Php 20,000.00 x 0.0175 = Php 350.00 (PhilHealth)
● Php 20,000.00 > Php 5,000.00 (Php 5,000.00 above =Php 100.00) (PAG-IBIG)
● Php 20,000.00 x 12 = Php 240,000.00- Annual Gross Income
→ (Php 800.00 + Php 300.00 + Php 100.00) x 12
→ Php 1,250.00 x 12 = Php 15,000.00 - Annual Contribution
→ Php 240,000.00 - Php 15,000.00 = Php 225,000.00 -Annual Taxable Income
→ Php 250,000.00 and below = None Income Tax (0%)
● Php 20,000.00 - [Php 800.00 (SSS) + Php 350.00 (PhilHealth) + Php 100.00
(PAG-IBIG)] = Php 18,750.00 (Net Earnings)
Basic Salary (Monthly) =Php 30,000.00
● Php 30,000.00 x 0.09 = Php 2,700.00 (GSIS)
● Php 30,000.00 x 0.0175 = Php 525.00 (PhilHealth)
● Php 30,000.00 > Php 5,000.00 (Php 5,000.00 above =Php 100.00) (PAG-IBIG)
● Php 30,000.00 x 12 = Php 360,000.00-Annual Gross Income
→ (Php 2,700.00 + Php 525.00 + Php 100.00) x 12
→Php 3,325 x 12 = Php 39,900.00 - Annual Contribution
→ Php 360,000.00 - Php 39,900 = Php 320,100.00 - Annual Taxable Income
→Php 0.00 + ((Php 320,100.00 - Php 250,000.00) x 0.20)/12
= Php 1,168.33 -Income Tax
● Php 30,000.00 - (Php 2,700.00 +Php 525.00 +Php 100.00+ Php 1,168.33)
=Php 25,506.67 - Net Earnings
Basic Salary (Monthly) =Php 35,000.00
● Php 20,000.00 above = Php 800.00 (SSS)
● Php 35,000.00 X 0.0175 = Php 612.50 (PhilHealth)
● Php 35,000.00 > Php 5,000.00 (Php 5,000.00 above =Php 100.00) (PAG-IBIG)
● Php 35,000.00 x 12 = Php 420,000.00 - Annual Gross Income
→ (Php 800.00 + Php 612.50 + Php 100.00) x 12
→ Php 1512.5 x 12 = Php 18,150.00- Annual Contribution
→ Php 420,000.00 - Php 18,150.00 = Php 401,850.00-Annual Taxable Income
→Php 30,000.00 +(Php 401,850.00 - Php 400,000.00) x 0.25)/12
=Php 2,538.54-Income Tax
● Php 35,000.00 - (Php 800.00 + Php 612.50 +Php 100.00 +Php 2,538.54)
=Php 30,948.96 - Net Earnings
Basic Salary (Monthly) =Php 50,000.00
● Php 50,000.00 x 0.09 = Php 4,500.00 (GSIS)
● Php 50,000.00 x 0.0175 = Php 875.00 (PhilHealth)
● Php 50,000.00 > Php 5,000.00 (Php 5,000.00 above =Php 100.00) (PAG-IBIG)
● Php 50,000.00 x 12 = Php 600,000.00 -Annual Gross Income
→(Php 4,500.00 + Php 875.00 +Php 100.00) x 12
→Php 5,475.00 x 12 = Php 65,700.00 - Annual Contribution
→ Php 600,000.00 - Php 65,700 = Php 534,300.00-Annual Taxable Income
→Php 30,000.00 + (Php 534,300.00 - Php 400,000.00) x 0.25) /12
= Php 5,297.92-Income tax
● Php 50,000.00 - (Php 4,500.00 + Php 875.00 + Php 100.00 + Php 5,297.92)
= Php 39,227.08 - Net Earnings
