Question
Analyze the statement and comply of what is being asked. 1. Ms. Melissa, a public school teacher, is married to a farmer. Her gross compensation
Analyze the statement and comply of what is being asked.
1. Ms. Melissa, a public school teacher, is married to a farmer. Her gross compensation income for the taxable year amounted to P340,000.00. The couple has six (6) qualified dependent and she paid health insurance premium of P5,000.00
REQUIRED: 1. Compute the deduction for basic exemption, additional exemption and health insurance payment.
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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
