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Calculate the holiday pay

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Reference no: EM132633727

The following information of a manufacturing company as regards to additional compensation to its 48 employees are as follows:

Number of working weeks 48

Vacation weeks 4

Holidays 10

Annual bonus (for all 48 employees) P592,560

Daily salary per employee P600

Question 1: The company is entitling all employees with bonus, vacation and holiday pays. Assume that the regular working days per week are 5 days, calculate the following (on a weekly basis):

1. Vacation pay

2. Bonus pay

3. Holiday pay

Reference no: EM132633727

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