C-o-m-p-a-r-e- -b-o-t-h- -A-n-n-e-x- " B " -a-n-d- -w-r-i-t-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g- -a-b-o-u-t- -t-h-e- -u-p-d-a-t-e- -a-n-d- -r-e-v-i-s-i-o-n- -o-f- -b-o-t-h- -a-n-n-e-x A-l-s-o- -i-n-c-l-u-d-e- -y-o-u-r- -l-e-a-r-n-i-n-g-s- -a-b-o-u-t- -t-h-e- u-p-d-a-t-e- -a-n-d- -r-e-v-i-s-i-o-n- w-h-a-t- -a-r-e- -t-h-e- -p-o-i-n-t-e-r-s- -h-i-g-h-l-i-g-h-t- -o-f- -t-h-e- -b-o-t-h- -a-n-n-e-x-?- I-m-p-o-r-a-t-a-n-t- -n-o-t-e-:- -t-h-i-s- -i-s- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -I-n-c-o-m-e- -t-a-x-a-t-i-o-n
C-o-m-p-a-r-e- -b-o-t-h- -A-n-n-e-x- " B " -a-n-d- -w-r-i-t-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g- -a-b-o-u-t- -t-h-e- -u-p-d-a-t-e- -a-n-d- -r-e-v-i-s-i-o-n- -o-f- -b-o-t-h- -a-n-n-e-x A-l-s-o- -i-n-c-l-u-d-e- -y-o-u-r- -l-e-a-r-n-i-n-g-s- -a-b-o-u-t- -t-h-e- u-p-d-a-t-e- -a-n-d- -r-e-v-i-s-i-o-n- w-h-a-t- -a-r-e- -t-h-e- -p-o-i-n-t-e-r-s- -h-i-g-h-l-i-g-h-t- -o-f- -t-h-e- -b-o-t-h- -a-n-n-e-x-?- I-m-p-o-r-a-t-a-n-t- -n-o-t-e-:- -t-h-i-s- -i-s- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -I-n-c-o-m-e- -t-a-x-a-t-i-o-n
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
C-o-m-p-a-r-e- -b-o-t-h- -A-n-n-e-x- " B " -a-n-d- -w-r-i-t-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g- -a-b-o-u-t- -t-h-e- -u-p-d-a-t-e- -a-n-d- -r-e-v-i-s-i-o-n- -o-f- -b-o-t-h- -a-n-n-e-x
A-l-s-o- -i-n-c-l-u-d-e- -y-o-u-r- -l-e-a-r-n-i-n-g-s- -a-b-o-u-t- -t-h-e- u-p-d-a-t-e- -a-n-d- -r-e-v-i-s-i-o-n-
w-h-a-t- -a-r-e- -t-h-e- -p-o-i-n-t-e-r-s- -h-i-g-h-l-i-g-h-t- -o-f- -t-h-e- -b-o-t-h- -a-n-n-e-x-?-
I-m-p-o-r-a-t-a-n-t- -n-o-t-e-:- -t-h-i-s- -i-s- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -I-n-c-o-m-e- -t-a-x-a-t-i-o-n
Transcribed Image Text:A-n-n-e-x-"B"
F-A-C-T-O-R- -O-R- -N-U-M-B-E-R--O-F- -W-O-R-K-I-N-G-/-P-A-I-D-
-D-A-Y-S--I-N--A- -Y-E-A-R
(S-o-u-r-c-e : -N-a-t-i-o-n-a-l -W-a-g-e-s--a-n-d--P-r-o-d-u-c-t-i-v-i-t-y -C-o-m-m-i-s-s-i-o-n)
1. For those who do not work and are not considered paid on Saturdays and Sundays or rest
days:
Equivalent Monthly Rate (EMR) = Applicable Daily Wage Rate (ADR) x 261 days
12 months
Where 261 days: 247
11
3
261
2. For those who do not work and are not considered paid on Sundays or rest days:
Equivalent Monthly Rate (EMR) = Applicable Daily Wage Rate (ADR) x 313 days
12 months
Where 313 days: 299
11
3
313
ordinary working days
regular holidays
Special days
Total number of days/year
3. For those who do not work but are considered paid on rest days, special days and regular
holidays:
Where 365 days: 299
11
52
3
365
Equivalent Monthly Rate (EMR)= Applicable Daily Wage Rate (ADR) x 365 days
12 months
ordinary working days
regular holidays
Special days
Total number of days/year
Where 392.5 days: 299
11
4. For those required to work everyday including Sundays or rest days, special days and
regular holidays:
67.6
3.9
392.5
ordinary working days
regular holidays
Sundays/rest days
Special days
Total number of days/year
Equivalent Monthly Rate (EMR) = Applicable Daily Wage Rate (ADR) x 392.5 days
12 months
ordinary working days
regular holidays
52 rest days x 130%
3 special days x 130%
Total number of days/year
Transcribed Image Text:A-n-n-e-x-"B"
F-A-C-T-O-R- -O-R- -N-U-M-B-E-R--O-F- -W-O-R-K-I-N-G-/-P-A-I-D-
-D-A-Y-S--I-N--A- -Y-E-A-R-
(S-o-u-r-c-e : -N-a-t-i-o-n-a-l -W-a-g-e-s--a-n-d--P-r-o-d-u-c-t-i-v-i-t-y -C-o-m-m-i-s-s-i-o-n)
1. For those who do not work and are not considered paid on Saturdays and Sundays or rest
days:
EMR = ADR x 261 days / 12months
Where 261 days: 247
11
3
261
ordinary working days
regular holidays
Special days
Total number of days/year
2. For those who do not work and are not considered paid on Sundays or rest days:
EMR = ADR x 313 days / 12 months
Where 313 days: 299
11
3
313
3. For those who do not work but are considered paid on rest days, special days and regular
holidays:
EMR = ADR x 365 days / 12 months
Where 365 days: 299
11
52
3
365
ordinary working days
regular holidays
Special days
Total number of days/year
EMR = Equivalent Monthly Rate
ADWR = Applicable Daily Wage Rate
4. For those required to work every day including Sundays or rest days, special days and
regular holidays:
EMR = ADR x 392.5 days / 12 months
Where 392.5 days: 299
11
67.6
3.9
392.5
-
ordinary working days
regular holidays
Sundays/rest days
Special days
Total number of days/year
ordinary working days
regular holidays
52 rest days x 130%
3 special days x 130%
Total number of days/year
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