In 2018, Song Kang resigned from his employment an received a PhP 2,000,000 retirement pay from his employer's private benefit plan. Song Kang invested PhP 1,000,000 in the stock market and used the other PhP 1,000,000 to purchase a car. In 2019, Song Kang died leaving the car which now has a value of PhP 800,000 and his investments with a value of PhP 1,500,000. Compute the deduction from benefits of under RA 4917. *
In 2018, Song Kang resigned from his employment an received a PhP 2,000,000 retirement pay from his employer's private benefit plan. Song Kang invested PhP 1,000,000 in the stock market and used the other PhP 1,000,000 to purchase a car. In 2019, Song Kang died leaving the car which now has a value of PhP 800,000 and his investments with a value of PhP 1,500,000. Compute the deduction from benefits of under RA 4917. *
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 49P
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Transcribed Image Text:In 2018, Song Kang resigned from his employment an received a PhP
2,000,000 retirement pay from his employer's private benefit plan.
Song Kang invested PhP 1,000,000 in the stock market and used the
other PhP 1,000,000 to purchase a car. In 2019, Song Kang died
leaving the car which now has a value of PhP 800,000 and his
investments with a value of PhP 1,500,000. Compute the deduction
from benefits of under RA 4917. *
O PhP 2,000,000
PhP 2,300,000
O PhP 1,000,000
O other:
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