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How the net proceeds is computed by

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Problem 1: For 2021, an employee receiving monthly gross salary P50,595, how much will be the deduction for the employee's monthly contribution to SSS?

Option 1: P1,630.00
Option 2: P2,155.00
Option 3: P1,125.00
Option 4: P 800.00

Problem 2: When the notes receivable are endorsed to the bank, the net proceeds is computed by

Option 1: deducting interest from maturity value.
Option 2: deducting maturity value from the discount.
Option 3: deducting discount from face of the note.
Option 4: deducting discount from the maturity value.

Reference no: EM132822580

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