Question
Mr. Juan, who is married with 4 minor children, is a rank-and-file employee of DEF Corporation. In 2021, he had the following employment-related data: Compensation
Mr. Juan, who is married with 4 minor children, is a rank-and-file employee of DEF Corporation. In 2021, he had the following employment-related data:
| Compensation and Benefits | |
| Gross annual salary | P936,000 |
| Overtime pay | 80,000 |
| 13th month pay | 78,000 |
| Rice subsidies | 48,000 |
| Actual medical benefits | 20,000 |
| Clothing allowance | 8,000 |
| Laundry allowance | 2,400 |
| Deductions from Salary | |
| Mandatory contributions (SSS, Philhealth, etc.) | 46,000 |
How much is the gross taxable compensation income of Mr. Juan?
P970,000
P1,040,400
P984,000
P994,000
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Payroll Fraud Detection And Prevention Audit Expert System
Authors: Titus Oniyilo
1st Edition
136564345X, 978-1365643453
