In connection with the previous problem, suppose a certain government employee 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 the additional earnings will be taxed?

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter9: Payroll, Estimated Payments, And Retirement Plans
Section: Chapter Questions
Problem 16MCQ
icon
Related questions
Question

In connection with the previous problem, suppose a certain government
employee 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 the
additional earnings will be taxed?

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
Accounting
ISBN:
9780357391129
Author:
WHITTENBURG
Publisher:
Cengage