PHILIPPINE TAXATION (REFER TO 2023 TAX SCHEDULE)

3. Which of the following represent compensation income? (Choose the letter/s) a. Professional fees b. Fees (including director's fees paid to a director who is at the same time an employee of the payor) c. Wages d. Pension pay e. Capital gain f. Emergency leave pay g. Vacation and sick leave pay h. Honoraria i. Gratuitous condonation of obligation j. Commission paid to salesman k. Retirement pay l. Bonuses m. Fringe benefits not subject to fringe benefits tax n. Emoluments o. Income tax paid by the employer in favor of the employee p. Income tax of the employee advanced by the employer q. Shares of stock received by an employee in consideration for services rendered (employer-employee relationship) r. Insurance premiums paid by the employer on life insurance coverage of the employee wherein the beneficiary is the employee's family s. Insurance premiums paid by the employer on life insurance coverage of the employee wherein the beneficiary is the employer t. Remuneration for "casual" labor, not in the course of the employer's trade or business 4. Jose Protacio presented to you the following income for the year: DETERMINE THE FOLLOWING: 1. Gross Income subject to graduated rate 2. Total final taxes on passive income 3. Total income not subject to tax 4. Income tax due