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A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December.Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country).
Endo (derived from "end-of-contract") [1] refers to a short-term de facto employment practice in the Philippines.It is a form of contractualization which involves companies giving workers temporary "employment" that lasts for less than six months (or strictly speaking, 180 calendar days) and then terminating their employment just short of being regularized in order to skirt on the costs which ...
The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. [11] The thirteenth month pay is exempted from being taxed by the government. The photo below is from the Department of Labor and Employment, which shows the computation of a hypothetical ...
As legislator, he was the principal author of Republic Act 10653, which broadened the tax exemptions for the 13th month pay (mandatory year-end bonus amounting to a month of salary) of both public and private sector employees in the Philippines, [6] and the staunchest legislator-advocate of salary hikes for public school teachers.
Bomb-making materials linked to the New Year's Day attack in New Orleans were recovered by FBI agents and local law enforcement Thursday at the suspect's residence in Houston, Texas, sources ...
President-elect Donald Trump repeated numerous false claims during an interview that aired Sunday on NBC’s “Meet the Press” – including his old lie that the US is the world’s only ...
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