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Assessments Taxable Year 2021 Mr Perez is a resident of the Philippines who is an employed individual in a private company, married to a plain

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Assessments Taxable Year 2021 Mr Perez is a resident of the Philippines who is an employed individual in a private company, married to a plain housewife with 5 children: 25 years old, 22 years old, 19 years old, 16 years old and 13 years old respectively, with the following details listed below: Monthly Basic Pay P38,000 Monthly Pension P10,000 Yearly Cooperative Dividend - P50,000 Weekly Food Allowance P5,000 Children Allowance P5,000 Loan interest payment per month P8,000 Compute the income tax due to be filed for the taxable year 2021

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