Tuesday, April 19, 2016

Frequently Asked Questions on Payment

How do I earn?

Your tutor fee is computed by multiplying the number of booked lesson (lessons with students) you have conducted in a month by the rate per lesson. If you qualify to one or more incentives, it will be added to your total earnings for the month.How and when do I get paid?

The tutor fee is distributed every 10th of the month through direct bank transfer to either a BPI International (Bank of the Philippine Islands) or a PNB (Philippine National Bank) account. We provide tutors with an endorsement letter to help them open an account.What Bank account can I use?

RareJob provides an endorsement letter that tutors can download on the website. They can use the letter to open either a PNB or a BPI International account. Tutors should open an account under their registered name in RareJob.

What if I have an existing bank account, can I use it instead?

No, tutors should open a new account that will be used solely for RareJob.Is my tutor fee taxable?

Yes, the tutor fee is subject to tax. Under the Expanded Withholding Tax rule of BIR for independent contractors, RareJob is obligated to withhold a 10% withholding tax every month. The amount will then be submitted to BIR.

Will RareJob file my taxes?

RareJob will not file your taxes for you but it will provide the necessary documents to help you file it yourself. You may ask assistance from our Tutor Fee group.

Do I need to teach for a certain amount of time before I can voluntarily terminate the contract?

No, tutors are considered as independent contractors. RareJob Tutors can start or stop teaching any time they need to. They just have to teach at least once every six months to retain Active account status.

Source: RareJob Website

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