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philippine taxation- compensation income Assuming that a private company employee has a basic salary of P340 per day, indicate the annual limit and compute the

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philippine taxation- compensation income

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Assuming that a private company employee has a basic salary of P340 per day, indicate the annual limit and compute the annual excess de minimis benefits in the spaces provided for. Annual Excess on de limit minimis A P6,000 monetized value of vacation leave credits B P5,100 monetized value of sick leave credits C P2,000 medical cash allowance of children D P2,500 monthly rice subsidy E P6,500 uniform allowance F P18,000 cost of operation done on the taxpayer G P1,500 quarterly laundry allowance H P12,000 exemplary service award I Twenty-day anniversary gift J P5,500 Meal Allowance TOTAL AMOUNT

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