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English 15 Public

Business Math

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What is the term that refers to the amount of money the lender charges the borrower?

Interest

What type of income does Mang Rey receive if he is being paid on a “no work no pay” policy?

Wage

What do you call the amount received by Lily when she was able to meet her quota after a successful sale of ₱20,000?

Commission

Ronnie is working as a sales agent in an appliance store. He is given a salary of ₱15,000 a month and a commission of 5% for every item sold. How much is Ronnie’s commission if he was able to sell 4 T.V worth ₱15,000.00 each?

₱3,000 .00

What term refers to the total amount of money earned?

Gross Income

How much is Sean’s Pag-IBIG contribution if he’s earning a monthly salary of ₱17,500?

₱100.00

What do you call the pay that employees receive on Christmas Day, Bonifacio Day, etc.

Holiday Pay

True or False: Royalties are taxable.

True

True or False: For SSS contributions, the member will pay 8% of the monthly salary credit.

False

True or False: GSIS members pay a rate of 7% for premium contributions.

False

True or False: If a member contributes ₱100.00 for employee share in Pag-Ibig, the employer will also pay ₱100.00 for the employee's Home Development Mutual Fund.

True

What is the term that refers to additional pay for work performed in excess of 8 hours a day or 40 hours a week for jobs requiring 5 work days at 8 hours per day?

Overtime Pay

How many female employees are there?

166

During which month was the education spending the highest?

June

What percent of the employees did not avail of the Sick Leave?

89.2%