Question
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?
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Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
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