c. Solve the following problems. Show your complete solution.
2. Mrs. Gamboa was about to retire at the age of 60. What is her expected minimum retirement pay if she is paid a daily rate of Php 850.00 and has served the company for
almost 30 years?
2. Mrs. Gamboa was about to retire at the age of 60. What is her expected minimum retirement pay if she is paid a daily rate of Php 850.00 and has served the company for
almost 30 years?
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Minimum Retirement Pay= Daily Rate x 22.5 days x Number of years in service
= P 850 x 22.5 x 30
= P 573,750.00