Answered: The amount to be refunded to Mr. Gerry…

Business

Accounting

The amount to be refunded to Mr. Gerry is:

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 4.10C

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Question

Question 32

Mr. Gerry, hired as employee on July 1, 2019 received the following compensation for the year:

Monthly Basic Salary P 20,000

13^th Month pay 20,000

Other benefits 7,000

Salary from previous employer

(Jan- May 2019) 180,000

Withholding tax from previous 4,167
employer

Withholding tax (July-Nov 2019) 6,000

The amount to be refunded to Mr. Gerry is:

c. 0

a. 10,167

b. 4,167

d. 167

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