ompensation income of P1,140,000, net of statutory payments. Tax exempt 13th month pay and other bonuses – P95,000. How much is the taxable compensation incom
ompensation income of P1,140,000, net of statutory payments. Tax exempt 13th month pay and other bonuses – P95,000. How much is the taxable compensation incom
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 23CE
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1. Ms. Beta earned an annual compensation income of P1,140,000, net of statutory payments. Tax exempt 13th month pay and other bonuses – P95,000. How much is the taxable compensation income?
2. Assuming that Ms. Beta's employer already withheld half of her income tax due, how much is the remaining income tax due and payable?
3. How much is Ms. Beta's income tax due?
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