Business Math Finals

A. Salaries and Wages

Premium
Types of Work Rate Computation
Regular (upto 8 hours) 1
Regular (beyond 8 hours) 1.25
Regular Night Shift 1.1
Regular Night Shift (beyond 8 hours) 1.375 1.25 x 1.1
Rest Day 1.3
Rest Day beyond 8 hours 1.69 1.3 x 1.3
Rest Day Night shift 1.43 1.1 x 1.3
Rest Day Night shift (beyond 8 hours) 1.859 1.3 x 1.43
Special Holiday 1.3
Special Holiday (beyond 8 hours) 1.69 1.3 x 1.3
Special Holiday Night Shift 1.43 1.3*1.1
Special Holiday Night Shift (Beyond 8 hours) 1.859 1.43*1.3
Special Holiday Rest Day 1.5
Special Holiday Rest Day beyond 8 hours 1.95 1.5*1.3
Special Holiday Rest Day Night Shift 1.65 1.5*1.1
Special Holiday Rest Day Night Shift (beyond 8
hours) 2.145 1.3*1.65
Legal/Regular Holiday 2
Legal Holiday beyond 8 hours 2.6 2*1.3
Legal Holiday Night Shift 2.2 2*1.1
Legal Holiday Night Shift (Beyond 8 hours) 2.86 2.2*1.3
Legal Holiday Rest Day 2.6 2*1.3
Legal Holiday Rest Day beyond 8 hours 3.38 2.6*1.3
Legal Holiday Rest Day Night shift 2.86 2.6*1.1
Legal Holiday Rest Day night shift (beyond 8
hours) 3.718 2.6*1.3
Note:
I. The overtime pay of rest days, special, and legal holidays have a multiplier of 1.3.
II. Night shifts have a multiplier of 1.1.

B. Group Reports
a. Leaves and Absences

Leaves Duration

Service Incentive Leave 5 days of leaves/year

Maternity Leave 60 days- Regular delivery

78 days- C-section

Paternity Leave 7 days

Solo Parent Leave 7 days after 1 year

Violated Women and their Children 10 days

Gynecological Disorders 2 months

 Note: All authorized and mandated leaves are paid.

Holidays (2018 dates)

January 1: New Year’s Day Regular Holiday

February 16: Chinese New Year Special Non-working Holiday

February 25: EDSA People Power Revolution Special Non-working Holiday

March 29: Maundy Thursday Regular Holiday

March 30: Good Friday Regular Holiday

March 31: Black Saturday Special Non-working Holiday

April 9: Araw ng Kagitingan Regular Holiday

May 1: Labor Day Regular Holiday

June 12: Independence Day Regular Holiday

August 21: Ninoy Aquino Day Special Non-working Holiday

August 27: National Heroes Day Regular Holiday

November 1: All Saints’ Day Special Non-working Holiday

November 2: All Souls’ Day ( Additional) Special Non-working Holiday

November 30: Bonifacio Day Regular Holiday

December 24: Day before Christmas (Additional) Special Non-working Holiday

December 25: Christmas Day Regular Holiday

December 30: Rizal Day Regular Holiday

December 31: Last day of the year (Additional) Special Non-working Holiday
*** Eid’l Fitr and Eid’l Adha = considered as Regular Holiday
***AWOL = Absence without Leave. 30 Days AWOL may result to termination.

b. Magna Carta
Maternity Leave = 60 days (regular) ; 78 days (c-sec)
Gynecological Disorder Leave= Max. of 2 months
c. PhilHealth and PAG-IBIG
PhilHEALTH - insurance program for SSS members
+ Employee and Employer Contribution = 50:50
+ Monthly Premium (MP) = Salary x 0.0275 (2.75%); 10,000<Salary<40,000
+ If salary <= 10k ; MP= 275php
+ If salary >= 40k; MP= 1,100php
PAG-IBIG: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno.
- Also known as Home Development Mutual Fund (HDMF)
- Saving system for SSS members &/ GSIS members
d. SSS and GSIS Contributions
SSS = Social Security System
- A state-run, social insurance program in the Philippines to workers in the private,
professional, and informal sectors.
CONTRIBUTION
- Employee: 3.63% salary ; Employer: 7.37% salary
- If you are a voluntary member then 11% salary = contribution
GSIS = Government Service Insurance System
- All government employees before 65 years old are required.
CONTRIBUTION
- Employee: 9% salary ; Government: 12% salary of the employee

e. TRAIN Law
TRAIN ni Pareng D = Tax Reform Acceleration and Inclusion

f. Retirement and Separation Pay

C. Payslip

D. Measures of Central Tendency : Average

a. Mean
- Arithmetical average
- Affected by the fluctuations of outliers (yung tipong kapag in-arrange mo yung data,
yung smallest and biggest numbers hahaa)
- May or may not be an actual value in the data set ( for ex. 1 2 3 4, mean = 2.5 pero yung
2.5 hindi wala sa data set wow)
b. Median
- Middle number when the data are arranged in order ( array)
- If the amount of data is even, get the average of the 2 middle nos.
- Affected by the position of each item in the series
c. Mode
- Most frequently occuring
- There may be 0 or more modes. 0 happens when distinct lahat ng data.
E. Measures of Dispersion: Spread
a. Range
- Highest data - lowest data (ungrouped)
- Upper Class boundary of the last interval - Lower class boundary of the first interval