1. Pepe is a Manager working at Ayala Malls Legazpi for Taxable year 2020. He had the following data: • Basic Pay- 259,000.00 Holiday & OT- 50,000.00 • Incentives - 50,000.00 TOTAL 359,000.00 • Travel Allowance (to be liquidated) 100,000.00 10,000.00 1,200.00 1,000.00 Total 12,200.00 COMPUTE THE GROSS COMPENSATION MANDATORY BENEFITS: . SSS . PHIC • HDMI
1. Pepe is a Manager working at Ayala Malls Legazpi for Taxable year 2020. He had the following data: • Basic Pay- 259,000.00 Holiday & OT- 50,000.00 • Incentives - 50,000.00 TOTAL 359,000.00 • Travel Allowance (to be liquidated) 100,000.00 10,000.00 1,200.00 1,000.00 Total 12,200.00 COMPUTE THE GROSS COMPENSATION MANDATORY BENEFITS: . SSS . PHIC • HDMI
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 1BD
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