Gross Income (3 items x 10 points)

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 ofP34,185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual

gross income?

3. A resident alien couple with two (2) dependent children. The husband receives an annual salary of P652,000, living allowances of P100,000, and a housing benefit of P300,000 (100%). His wife receives

P68,000 from her teaching profession. The husband receives the following: gross dividend income frominvestment in shares of stock of a domestic corporation, P10,000; interest from a peso bank account,P20,000; capital gain on sale of shares, P5,000; and taxes withheld by the employer of the husband atP118,000 and by the employer of the wife. How much will be the total gross annual income of the husband

and wife?