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Business Mathematics 2nd Quarter 6th Week Lesson

The document discusses the benefits of salary and wage earners including social insurance, 13th and 14th month pays, sick leave, vacation leave and others. It also discusses taxable and non-taxable benefits as well as overtime pay and provides example computations.

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Dearla Bitoon
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30 views12 pages

Business Mathematics 2nd Quarter 6th Week Lesson

The document discusses the benefits of salary and wage earners including social insurance, 13th and 14th month pays, sick leave, vacation leave and others. It also discusses taxable and non-taxable benefits as well as overtime pay and provides example computations.

Uploaded by

Dearla Bitoon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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LESSON : Salaries and Wages

A. Benefits of Salary/ Wage Earners


B. Taxable and Nontaxable Benefits
C. Overtime Pay

BUSINESS MATHEMATICS 2ND QUARTER 6th


WEEK LESSON
A. Benefits of Salary/ Wage Earners

Social Insurance (Employer Counterpart)


13th and 14th Month pays
 Sick Leave
Vacation Leave
 Maternity Leave
A. Benefits of Salary/ Wage Earners

De Minimis Benefits ( benefits given on top basic


compensation intended welfare of the employees (ex.
Clothing allowance, rice allowance, chalk allowance, etc.)
 Fringe Benefits
 Paternity Leave
A. Benefits of Salary/ Wage Earners

 Service Incentive Leave


 Solo Parent’s Leave
 Tax Exemptions ( For minimum wage earners)
 Tax Exemptions for Non-minimum wage earners
a. Basic personal exemption P50,000.00
b. Employees’s contribution to GSIS/SSS,
Philhealth, PAG-IBIG
B. Taxable and Nontaxable Benefits
B. Taxable and Nontaxable Benefits
B. Taxable and Nontaxable Benefits
Example Computation:
B. Taxable and Nontaxable Benefits
Example Computation:
C. Overtime Pay

What is a Overtime Pay?


- It is the amount of time a person works
beyond working hours.
C. OVERTIME PAY (EXAMPLE
COMPUTATION)
C. OVERTIME PAY (EXAMPLE
COMPUTATION)
THANK YOU !!!

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