Professional Documents
Culture Documents
Salary Cost Multiplier
Salary Cost Multiplier
EXPENSE
This problem assumes that there is are no other employees of the Civil
Engineer. Only his services are required. No retirement premium will be added
as the SSS contribution will take care of it.
For SSS, the monthly premium for a salary of Php 21,582.42 is Php 2,825.00
(see table for SSS Contribution Table).
For Philhealth, the monthly premium for a salary of Php 21,582.42 is Php
863.30 (see table for Philhealth Contribution Table), that is 4.00% of the
monthly salary.
For Pag-big/HDMF, the monthly premium for a salary of Php 21,582.42 is Php
431.65 (see table for Pag-ibig/HDMF Contribution Table), that is 2.00% of the
monthly salary.