Mr. Santos received the following compensation and benefits for a year, working as an It officer. Annual basic Salary 13h month pay and bonuses Php300,000 75,000 Uniform allowance 5,000 Laundry allowance Rice subsidy 4,000 27.600 Determine how much of Mr.Santos' total compensation is taxable and how much of it is non-taxable.
Mr. Santos received the following compensation and benefits for a year, working as an It officer. Annual basic Salary 13h month pay and bonuses Php300,000 75,000 Uniform allowance 5,000 Laundry allowance Rice subsidy 4,000 27.600 Determine how much of Mr.Santos' total compensation is taxable and how much of it is non-taxable.
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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