INCOME TAXATION Compensation Income Name: Mr. Vince La Cuesta, a government employee, with two qualified dependents, had the following remuneration from January to June 2018: Net regular salaries (net of SSS, Philhealth, HDMF, P10,800) Representation and Transportation Allowance Cost of Living Allowance Personal Economic and Relief Allowance Honoraria (one-time given) One-half 13th month pay 1/2 Christmas Gift Monetized unused 15 SL credits Uniform allowance for the year Rice subsidy (P2,500/month) Laundry allowance (P1,000/month) 313,200.00 12,000.00 24,000.00 10,000.00 15,000.00 28,000.00 2,500.00 26,000.00 6,000.00 15,000.00 6,000.00 Medical Cash Allowance (P500/month) 3,000.00 Executive check up (one time given) 13,000.00 Loyalty and service Award (one time given) Anniversary gift (one time given) 15,000.00 6,000.00 Requirement: 1 Prepare a table with the following columns: a. Compensation items b. Non Taxable 2 c. Other Benefits d. Taxable Benefits Answer the following: a. Gross compensation income for 2018 b. Total exempt de minimis income for 2018 c. Total non-taxable income for 2018] d. Gross taxable compensation income for 2018 e. Tax due (use the progressive tax table) f. Semi-monthly tax withheld and total tax withheld for 2018 g. How much will Mr. La Cuesta pay or refund for 2018 if total withheld will be deducted from tax due?