Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute how much will be included and excluded in the gross income given the following scenarios. 1. A call center agent receiving a monthly

  

Compute how much will be included and excluded in the gross income given the following scenarios. 1. A call center agent receiving a monthly salary of P21,000 with mandatory annual deductions of P15,166, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income? 2. A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of P34,185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross income?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Positive comment for Janets post Great job providing clear and informative informat... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2015

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

33rd Edition

9781305177772, 128543952X, 1305177770, 978-1285439525

More Books

Students also viewed these Accounting questions