Lesson 2

Question 1

of an employee is his or her gross earnings less certain payroll deduction.

Answer 1

Take home pay

Question 2

Employees earning less than 250000 are no longer required to pay income tax under the new

Answer 2

Train law

Question 3

contributions are intended for employees and their benefits should they have problems with their health.

Answer 3

Phil health

Question 4

All government employees holding permanent and non permanent positions are members of the

Answer 4

GSIS

Question 5

on compensation is the tax withheld from income payments to individuals arising, from an employer to employer relationship

Answer 5

Withholding tax