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A. 1,071,200 B. 1,068,000 C. 1,044,000 D. 1,009,200 Compute the taxable income A government employee received the following in 2021: Gross salaries 1,044,000 RATA 12,000
A. 1,071,200
B. 1,068,000
C. 1,044,000
D. 1,009,200
Compute the taxable income
A government employee received the following in 2021: Gross salaries 1,044,000 RATA 12,000 PERA 24,000 24,000 87,000 5,000 Additional Compensation Allowance (ADCOM) Christmas bonus Christmas gift Laundry allowance 400/month Mandatory contributions Income tax withheld 4,800 62,000 280,000 Compute the taxable compensation incomeStep by Step Solution
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