Answer the question number 1 to 4.

Multiple Choice - Problems: Part 1 1. Mr. Juanito had the following income in 2015: Compensation income, net of P77.000 SSS, P300,000 PhilHealth, HDMF and union dues 30,000 Supplemental compensation income 25,000 131 month pay and other benefits 50,000 Personal exemption What is the gross taxable compensation income? a. P352,000 c. P325,000 b. P280,000 d. P330,000 2. The following relates to an annual payroll of the employee: Gross compensation income, before P14,000 contributions to SSS, PHIC and HDMF P 247,500 Additional compensation 45,000 13th month pay and other benefits 32,000 Compute the gross taxable compensation income. a. P242,500 c. P310,500 b. P278,500 d. P324,500 3. Colyong, a government employee, receives a full 13th month pay of P20,000, exclusive of P14,000 other benefits. He was deducted P18,000 during the year 25 premium for his SSS, PHIC, and HDMF contributions. Compute Colyong's gross taxable compensation incon a. P222,000 c. P240,000 b. P226,000 d. P256,000 4. An employee received the following compensation during the year, Gross compensation (P11,000 x 13 months) Overtime pay P 143,000 Less: 12,000 SSS, PHIC, HDMF and union dues Withholding tax 5,200 Net pay 10.000 15.200 P139.800 Compute the gross taxable compensation income. d. P138,800 P149,800 P144.000 b