A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of P34, 185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income?

A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of P34, 185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter12: Alternative Minimum Tax

Section: Chapter Questions

Problem 24CE

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2. A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of
P34,185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual
gross income?

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