Question
Corazon resigned in 2015 after 12 years of service. She had the following income during the year: Salary, net of P80,000 withholding tax, P20,000 SSS,
Corazon resigned in 2015 after 12 years of service. She had the following income during the year:
Salary, net of P80,000 withholding tax, P20,000 SSS, P18,000 PhilHealth and P40,000 13th month pay
P
480,000
Separation pay
1,000,000
Compute the gross income subject to progressive (regular) tax:
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
