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During the year, Sico has the following benefits received from his employer: Rice Subsidy of P1, 000 per month P12, 000 Free housing as
During the year, Sico has the following benefits received from his employer: Rice Subsidy of P1, 000 per month P12, 000 Free housing as a requirements to perform his duty 24,000 Clothing allowance 1,000 Transportation allowance subject to liquidation 6,000 SSS employer contribution 3,000 How much is the taxable benefits received by Sico?
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Out of the benefits listed only the Rice Subsidy of P12000 and Free Housing of P24000 are con...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
