The following relate to the compensation income of a private rank andfile employee during the year: Annual compensation income P 540,000 13th month pay 45,000 14thmonth pay 45,000 Total of monthly rice allowances during the year 26,000 Commission from employer 12,000 Christmas gift 8,000 SSS, Philhealth and HDMF contributions 21,000 Compute the exempt de minimis benefits.
The following relate to the compensation income of a private rank andfile employee during the year: Annual compensation income P 540,000 13th month pay 45,000 14thmonth pay 45,000 Total of monthly rice allowances during the year 26,000 Commission from employer 12,000 Christmas gift 8,000 SSS, Philhealth and HDMF contributions 21,000 Compute the exempt de minimis benefits.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 16EA: An employee and employer cost-share pension plan contributions and health insurance premium...
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The following relate to the compensation income of a private rank andfile employee during the year:
Annual compensation income P 540,000
13th month pay 45,000
14thmonth pay 45,000
Total of monthly rice allowances during the year 26,000
Commission from employer 12,000
Christmas gift 8,000
SSS, Philhealth and HDMF contributions 21,000
Compute the exempt de minimis benefits.
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