11.The CAN (Collective Negotiation Agreement) is considered as a benefit for public employees computed in one year. Given the formula below: CAN + 13th Month Pay + other benefits > Php 30,000 are taxable. Suppose a certain government employee earns a CAN = Php 12,764.12, 13th Month Pay = Php 24,291.78, and he has no other benefits. How much of his additional earnings will be taxed? 12. In connection with the previous problem, suppose a certain government employee earns a CAN = Php 2,214.12/month, 13th Month Pay = Php 12, 119.72, and he has other benefits amounting to Php 4,000.00. How much of the additional earnings will be taxed? 13. Suppose in the previous problem, the other benefits include clothing allowance. Will there be a change in the amount taxable? If yes, how much? If no, why? 14.If an employee X has CAN = Php 18,291.09, 13th Month Pay = Php 27,891.00, other benefits Php 10,000 and Php 3,000 of the other benefits is the clothing allowance. How much of his benefits is taxable? How much is nontaxable?

11.The CAN (Collective Negotiation Agreement) is considered as a benefit for public employees computed in one year. Given the formula below: CAN + 13th Month Pay + other benefits > Php 30,000 are taxable. Suppose a certain government employee earns a CAN = Php 12,764.12, 13th Month Pay = Php 24,291.78, and he has no other benefits. How much of his additional earnings will be taxed? 12. In connection with the previous problem, suppose a certain government employee earns a CAN = Php 2,214.12/month, 13th Month Pay = Php 12, 119.72, and he has other benefits amounting to Php 4,000.00. How much of the additional earnings will be taxed? 13. Suppose in the previous problem, the other benefits include clothing allowance. Will there be a change in the amount taxable? If yes, how much? If no, why? 14.If an employee X has CAN = Php 18,291.09, 13th Month Pay = Php 27,891.00, other benefits Php 10,000 and Php 3,000 of the other benefits is the clothing allowance. How much of his benefits is taxable? How much is nontaxable?

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 1BCRQ

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Prove or disprove the statement below: The CNA (Collective Negotiation Agreement) is considered as a benefit for public employees. Given the formula below: CNA + 13th Month Pay + other benefits > Php30,000 are taxable. Suppose a certain government employee earns a CNA = php12,764.12, 13th Month Pay php24,291.78, and he has no other benefits. How much of his additional earning will be taxed?
In connection with the previous problem, suppose a certain governmentemployee earns a performance benefit = ₱2,340/month, 13 th Month Pay =₱15,780.43, and he has other benefits amounting to ₱6,000. How much of theadditional earnings will be taxed?
11.The CAN (Collective Negotiation Agreement) is considered as a benefit for public employees computed in one year. Given the formula below: CAN + 13th Month Pay + other benefits > Php 30,000 are taxable. Suppose a certain government employee earns a CAN = Php 12,764.12, 13th Month Pay = Php 24,291.78, and he has no other benefits. How much of his additional earnings will be taxed?
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