Compute the excess month pay and other benefits

Reference no: EM132835773

A private rank and file employee working in a remote tower station of No-Signal Telecom received the following benefit during

2014:

13th month pay P 67,000
Performance bonus 15,000
Christmas gift 22,000
Danger exposure allowance (hazard pay) 6,000
Housing privilege 38,000
Uniform and clothing allowance 7,000
Laundry allowance 6,000

The housing privilege pertains to the annual value of the employees living quarters furnished by the employer and is purely part of the compensation and it is given NOT for the convenience of the employer.

Required:

Problem 1: Compute the excess 13th month pay and other benefits.

Reference no: EM132835773

Questions Cloud

Restrictions on termination of employment in european : Analyze the topic of restrictions on termination of employment in European countries. Assess the different requirements and consider risks

Calculate the value to be assigned to the bonds : The bonds are quoted at 99 ex rights and the warrants are quoted at $5 each. Calculate the value to be assigned to the bonds and to the warrants

Examine the organization for evidences of lmx : This assignment provides you with the opportunity to analyze a present organization where sound leadership principles are necessary for the organization.

What are the danger-zone temperatures for foods : 1. What are the danger-zone temperatures for foods susceptible to bacterial growth? What kinds of bacteria are most prevalent and troublesome?

Compute the excess month pay and other benefits : Compute the excess 13th month pay and other benefits. The housing privilege pertains to the annual value of the employees living quarters furnished

Is protectionism good or bad for the world economy : Why are companies such as Apple Inc. bringing cash back to the United States that prior to 2018 was kept in offshore banks?

What is the monthly installment of the original mortgage : How much would Mr. Wong receive from Hang Seng Bank when the new mortgage was arranged to replace the old one on March 1, 2016?

What is the present value of the installment : Php 2,500.00 each month for the next 6 months at 9% compounded annually. (a) What is the present value of the installment

How you can involve the childrens family or community : Discuss how you can involve the children's family or community to extend the learning for one of your strategies you proposed above.

User Account

All Pages