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1. Using the following information: Basic pay P55,000 Allowances 10,000 Deductions: SSS, Philhealth, Pag-ibig contributions 6,000 Loan Payments 5,000 Withholding tax 12,000 Compute the taxable
1. Using the following information:
| Basic pay | P55,000 |
| Allowances | 10,000 |
| Deductions: | |
| SSS, Philhealth, Pag-ibig contributions | 6,000 |
| Loan Payments | 5,000 |
| Withholding tax | 12,000 |
Compute the taxable compensation
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
