Worksheets in Business Mathematics (Senior High School)

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Benefits of a Wage Earner

I. Modified True or False. Identify whether the statement is true or

false. Put a , if the statement is true, if it is not, underline the word
that makes it false, and replace it with the correct word/s to make the
statement correct.

1. Taxable benefits include transit passes, boarding, lodging, rent-free or low-

rent housing. use of a company vehicle for non-work related purposes, group
insurance premiums paid by the employer, and gym memberships paid for or
subsidized by the employer.
2. Monetized unused vacation leave credits of private employees not exceeding
five days during the year is considered a de minimis benefit.
3. A Teacher II position in the government is exempted in paying withholding
tax.
4. Laundry allowance is compulsory and should be given to all employees.
5. A solo parent can avail a seven working day leave if granted by his/her
employer.
6. 13th month pay should be given to all qualified employees due at the end of
June.
7. A male employee can file a paternity leave if his live-in partner gave birth.
8. The Bureau of Internal Revenue is tasked to assess and collects the taxes of
employees with annual salaries over Php250,000.00.
9. Employers are obliged to give all the de minimis benefits to the employees,
because if not so, they are punishable by law.
10. An employee can process and claim the retirement benefit from SSS at the
end of his service upon reaching the retirement age of 60.

II. Vocabulary and Concepts. Identify the word/ statement being

describe in each item.

1. It is the percentage of an employee’s salary that should be subjected to tax.

2. It is a payment or gift made by an employer, the state or
insurance company.

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 Worksheets in Business Mathematics (Senior High School)

3. It is an amount of money to compensate for the purchase of clothes for work

of employees.
4. Non-taxable, small benefits that are not compulsory to be given to all
employees.
5. Benefits that are completely tax free which include health insurance,
retirement services.
6. A provident savings system supplying housing loans to private and Philippine
government employees.
7. The amount that an employer withholds from an employee’s wages and pays
directly to the government.
8. One hundred five (105) days leave granted to employees upon giving birth.
9. It provides the employees with a practical means of paying for adequate
medical care in the Philippines.
10. It is created to provide private employees and their families protection
against disability, sickness, old age and death.

III. Application.
Compute the total deductions (SSS Contribution, PhilHealth
Contribution, PAG-IBIG and Withholding Tax) and monthly take
home pay of each worker.

NET
TAKE
DEDUCTIONS
HOME
Situation
PAY
Pag- Withholdin
SSS PhilHealth g Tax TOTAL
Ibig

1. A factory

worker in Tarlac

who is paid P450.00

for an 8-hour

workday who

worked for 23 days

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 Worksheets in Business Mathematics (Senior High School)

for that month.

NET
TAKE
DEDUCTIONS
HOME
Situation
PAY
Pag- Withholdin
SSS PhilHealth g Tax TOTAL
Ibig
2. An employee in

SSS who has a

monthly gross

income of

Php30,276.00

NET
TAKE
DEDUCTIONS
HOME
Situation
PAY
Pag- Withholdin
SSS PhilHealth g Tax TOTAL
Ibig

3. A security

guard who has a bi-

monthly gross

income of

Php7,841.50

Situation DEDUCTIONS NET

TAKE
HOME

Department of Education - Schools Division of Tarlac Province

 Worksheets in Business Mathematics (Senior High School)

PAY
Pag- Withholdin
SSS PhilHealth g Tax
TOTAL
Ibig

4. A pharmacist

gross annual income

of Php212,937.00

NET
TAKE
DEDUCTIONS
HOME
Situation
PAY
Pag- Withholdin
SSS PhilHealth g Tax
TOTAL
Ibig

5. A call center

operation manager

with a monthly gross

of Php39,531.00.

ANSWERS KEY

Benefits of a Wage Earner

I. Modified True or False.

1. 
2. Five ten

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 Worksheets in Business Mathematics (Senior High School)

3. exempted not exempted

4. compulsory not compulsory
5. 
6. 
7. live-in partner legitimate spouse
8. 
9. obliged ,punishable Not obliged ,not punishable
10. 

II. Vocabulay and Concepts.

1. Taxable Income
2. Benefit
3. Clothing Allowance
4. De Minimis Benefits
5. Non-taxable benefits
6. HMDF of PAG-IBIG Fund
7. Withholding Tax
8. Maternity Leave
9. PhilHealth
10. SSS

III. APPLICATION

NET
TAKE
DEDUCTIONS
HOME
Situation
PAY
PhilHealt Withholdin
SSS Pag-Ibig
g Tax TOTAL
h
1. A minimum
wage earner in a
factory in Tarlac
who is paid
Php472.50 Php181.13 Php100.00 Php0.00 Php753.63 Php9,596.37
P420.00 for an 8-
hour workday who
worked for 23 days
for that month.
2.An employee in
SSS who has a
monthly gross Php900.00 Php537.71 Php100.00 Php1,581.06 Php3118.77 Php27,157.23
income of
Php30,276.00
3. A security guard Php697.50 Php274.45 Php100.00 Php0.00 Php1071.95 Php14,611.05
who has a bi-

Department of Education - Schools Division of Tarlac Province

 Worksheets in Business Mathematics (Senior High School)

monthly gross
income of
Php7,841.50.
4. A pharmacist
gross annual
Php787.50 Php310.53 Php100.00 Php0.00 Php1198.03 Php16,546.72
income of
Php212,937.00
5. A call center
operation manager
with a monthly Php900.00 Php691.79 Php100.00 Php3,626.55 Php5,318.34 Php34,212.66
gross of
Php39,531.00.

Department of Education - Schools Division of Tarlac Province