C. See the situation below and answer the questions that follows 1. Michael, a regular employee in a DEDUCTIONS private company, has a monthly SSS Prem: basic salary of $25,000. He has the PhilHlth: following deductions: Pag-Ibig Income Tax: 800.00 375.00 100.00 578.33 Total Deductions: 1,853.33 NET PAY P23,146.67 2. On the other hand, Carl, a regular employee in a government agency, also has a monthly basic salary of P25,000. He has the following deductions: DEDUCTIONS GSIS Prem: 2,250.00 PhilHith: 375.00 Pag-Ibig 100.00 Income Tax: 288.33 Total Deductions: 3,013.33 NET PAY P21,986.67 Thoughts to Ponder What are the different deductions of the two employees? How do you solve for each employee's monthly contributions and income tax? What can you say about their monthly gross earnings? Compare their deductions and net earnings. Why do they have the same monthly gross earnings but different deductions and net earnings