Instructions: Before Taking This Exam, Please Be Sure To Have The Minimum Wage Table At Your Side. In Order To Have Uniform Answers, Please Follow The

Instructions: Before taking this exam, please be sure to have the minimum wage table at your side. In order to have uniform answers, please follow the answer formats given. For currency answers, use the format "PhpX,XXX.XX", Use comma to separate thousands, always give two decimal places and round off to the nearest the centavo. Mr. Lim is a Revenue Officer at the Bureau of Internal Revenue. He has an annual salary worth Php228,924. How much is his fixed monthly compensation?

Answer:

Mr. Lim has a fixed monthly compensation of Php19,077.00.

Step-by-step explanation:

(Php228,924/year) ÷  (1 year/12 months) = Php19,077.00 per month

Mr. Lim has a fixed monthly compensation of Php19,077.00.

Additional information:

Since Mr. Lim earns Php19,077 monthly compensation as Revenue Officer, he is not a minimum wage earner government employee. His compensation is Salary Grade 11 for the rank/position Revenue Officer 1 at Bureau of Internal Revenue.


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