The following information appeared in the 2020 BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) of Nicanor, a purely compensation income earner: Gross compensation income Php 400,000.00 13th month pay and other benefits 40,000.00 Amount of taxes withheld (by the employer) 30,000.00 Commission 50,000.00 Pagibig contributions 10,000.00 Philhealth contributions 10,000.00 SSS 10,000.00 Union dues 10,000.00 Question: The total non-taxable portion to be deducted from gross compensation income of Nicanor is:
The following information appeared in the 2020 BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) of Nicanor, a purely compensation income earner:
Gross compensation income Php 400,000.00
13th month pay and other benefits 40,000.00
Amount of taxes withheld (by the employer) 30,000.00
Commission 50,000.00
Pagibig contributions 10,000.00
Philhealth contributions 10,000.00
SSS 10,000.00
Union dues 10,000.00
Question: The total non-taxable portion to be deducted from gross compensation income of Nicanor is:
Step by step
Solved in 2 steps
