The SSS pension is calculated based on the retiree's average monthly salary credit. It is the average of the retiree's monthly salary contributions to the SSS over the last 120 months (10 years) of their contribution period. The SSS pension is set at the equivalent of 90% of the retiree...
We therefore do not accept any responsibility for payroll calculation errors. The template consists of the following sheets: Setup - all the business & payroll settings for the template needs to be included on this sheet. This includes the business details, tax year dates, income tax rates, ...
Factors Affecting the APR Calculation The calculation of the Annual Percentage Rate (APR) takes into account various factors that can influence the overall cost or return on a financial product. While the bank’s monthly interest rate on savings accounts is a primary factor, there ...
much more than extending the assumed life of the system. This means that the cost of the system is very sensitive to the interest rate calculation. If you’re using savings, and the interest you might get on alternative investments is very low, then you can lower the interest rate in the...