please answer number 11 only, asap. thank you vance amounting to P6,500 a yeargiven during Christmas amounting tok of rice (50 kg) each month. The rice is50.00 per kilo.me actual medical assistance amounting00 was received during the year.M SOLVINGwing problems.al answer on the space provided. Present your solution at the back page or attach a separatesary.CRQUESTIONLeah sells gadgets. She is given 13% commission for all her sales. How muchcommission will she receive when her sales amounted to P51,250? (2pts.)Nathan makes P12,250.00 a month plus some money by commission rates.He earns 7% commission from everything he sells. If his sales amounted toP86,000 this month, what is his gross earnings for the month? (2pts.)Nena is paid straight commission of P25.00 for each item she sold. Last monthshe sold 238 items. How much commission did she receive? (2pts.)Judith is an insurance agent. She gets 5% on the first P150,000.00 sales and8% on any amount over it. This month her sales totaled P386,000.What is her gross pay? (2pts.)Boy is paid salary of P23,087 a month. What is his total annual salary? (2pts.)Junnie works as a part-time crew in a fast food chain in the city with thefollowing schedule for one week: Monday, 5 hours; Tuesday, 6 hours;Wednesday, 4 hours; Thursday, 6 hours; Friday, 3 hours. If he was paidP140.25 an hour, how much will he get for the week? (2pts.)34If an accountant in a private firm is being offered a salary ofP18,000 every twoweeks. How much will be his annual salary? (2pts.)Mr. Abundo gets a basic salary of P63,000.00 per month, a living allowance ofP2,500.00 per month, and a hazard pay of P3,000.00 every month.What is his monthly gross income? (2pts.)Suppose Mr. Abundo (refer to item no. 8) has to pay monthly an amount ofP 5,355.96 for income tax, P1,102.50 for PhilHealth, P100.00 for Pag-Ibig andP5,670 for GSIS contributions.What is his monthly net income? (2pts.)What is Mr. Abundo’s (refer to item no. 8), annual net income? (2pts.)7.8.9.10.11.Mr. Dalisay received the following compensation and benefits during the entireyear:Annual Basic Salary13th Month Pay and Other BenefitsLaundry AllowanceRice AllowanceP 650,000P 230,000P 3,600P 42,000P 8,000P 5,000P 5,000Uniform and Clothing AllowanceLoyalty Award for Length of Service(CASH)Productivity IncentiveCompute for the taxable income and non-taxable income and benefits. (5pts)56

Answered: Image /qna-images/answer/bb579df5-de89-4c5e-bff9-682acca3984d.jpg

11. Mr. Dalisay received the following compensation and benefits during the entire year: Annual Basic Salary 13th Month Pay and Other Benefits Laundry Allowance Rice Allowance Uniform and Clothing Allowance Loyalty Award for Length of Service(CASH) Productivity Incentive P 650,000 P 230,000 P 3,600 P 42,000 P 8,000 P 5,000 P 5,000 Compute for the taxable income and non-taxable income and benefits. (5pts

11. Mr. Dalisay received the following compensation and benefits during the entire year: Annual Basic Salary 13th Month Pay and Other Benefits Laundry Allowance Rice Allowance Uniform and Clothing Allowance Loyalty Award for Length of Service(CASH) Productivity Incentive P 650,000 P 230,000 P 3,600 P 42,000 P 8,000 P 5,000 P 5,000 Compute for the taxable income and non-taxable income and benefits. (5pts

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 37P

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