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Let's break down the income components mentioned in the problem:

1. **Statutory Minimum Wage (SMW)**: P100,000
2. **13th Month Pay and Other Bonuses**: P75,000
3. **Overtime Pay**: P40,000
4. **Nightshift Differential**: P25,000
5. **Commission Income**: P20,000

To calculate the **Gross Income**, we sum up all these components:

\[
\text{Gross Income} = P100,000 + P75,000 + P40,000 + P25,000 + P20,000
\]

\[
\text{Gross Income} = P260,000
\]

Thus, the Gross Income is **P260,000**, which matches option **b**.

Would you like further details or clarification on this? Here are 5 related questions to explore:

1. What components are typically included in calculating gross income?
2. How is the statutory minimum wage determined in the Philippines?
3. What is the difference between gross income and net income?
4. How are bonuses and overtime taxed under Philippine law?
5. What is the impact of commission income on overall taxable income?

**Tip**: When calculating gross income, always ensure to include all income types like wages, bonuses, and other forms of compensation.

IVANA ALAWI is employed by ABC Corporation. She received the SMW (Statutory Minimum Wage) for 2023 in the total amount of P100,000 and 13th month pay and other bonuses amounting to P75,000. In the same year, she also received overtime pay of P40,000 and nightshift differential of P25,000. She also received commission income from the same employer of P20,000, thus, total income received amounted to P260,000. How much is the Gross Income?

Learn how to calculate gross income based on multiple sources of income such as statutory minimum wage (SMW), bonuses, overtime pay, and commission. This example provides a step-by-step breakdown of the gross income calculation for Ivana Alawi, an employee of ABC Corporation, with total income of P260,000.

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