FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read the selection and answer the questions that follow. Michael is a waiter earning a daily rate of P400, the minimum wage in the town

Read the selection and answer the questions that follow.

Michael is a waiter earning a daily rate of P400, the minimum wage in the town where he lives. It is his only source of income. He reported for work on December 24, 25, and 26; thus, he could not spend Christmas with his family. He even had to render overtime of 4 hours on Christmas day.

a. Is Michaels income, in general, taxable? Why? b. Michael earned double on Christmas plus overtime pay. Are these taxable?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Strategic Change

Exploring Strategic Change

Authors: Julia Balogun, Veronica Hope Hailey, Stafanie Gustafsson

4th Edition

0273778919, 9780273778912

More Books

Students also viewed these Accounting questions

Question

★★★★★
Consider the following data from two independent samples with equal population variances. Construct a 90% confidence interval to estimate the difference in population means. Assume the population...

Answered: 1 week ago

Question

★★★★★
As memory gets cheaper and cheaper, one could imagine a computer with a big battery- backed-up RAM instead of a hard disk. At current prices, how much would a low-end RAM-only PC cost? Assume that a...

Answered: 1 week ago

Question

★★★★★
A continuous random variable X has density function (i) Obtain the value of c. (ii) Calculate the probabilities P(0 (iii) Find the distribution function, F(x), of X. Is it true that F(x) = f (x) for...

Answered: 1 week ago

Question

★★★★★
Comparative figures for Polaris and Arctic Cat follow. Required 1. Compute total asset turnover for the most recent two years for Polaris and Arctic Cat using the data shown. 2. Which company is more...

Answered: 1 week ago

Question

★★★★★
What is the output of this Java program? class Driver { public static void main ( String [ ] arge ) f int [ ] x = { 5 , 6 , 6 , 3 , 4 } ; int n = x . length; for ( int j = n - 1 ; j > 0 ; j - - ) x [...

Answered: 1 week ago

Question

★★★★★
helpppppppppp Problem 6. If x - 3 + 1, what is (a) (b) (@) (d) (e) None of these Problem 7. If a = Vt, what is dx ., dt (a) (b) 2vt 1 (c) (d) SINS 2 t (e) None of these Problem 8. If y(x) 2 what is...

Answered: 1 week ago

Question

★★★★★
Morgan's Selling Price 135 Process 1 Process 2 Fixed Cost 110,000 45,000 Variable Cost. 40 100 Labor Hours / unit 4 10 Suppose that Morgan is going to produce at 1300 units and would choose Process...

Answered: 1 week ago

Question

★★★★★
From the movie Everest, Guide Rob Hall attempts to help his client, Beck Weathers, get across a chasm. Based on "Leading in Times of Uncertainty, analyze the extent to which this scene reflects...

Answered: 1 week ago

Question

★★★★★
3. The book uses 4 synonyms for the average of the outcome if you played a game over and over. The four synonyms are? 1. Variance 2. Semivariance 3. Systematic distributions 4. Asystematic...

Answered: 1 week ago

Question

★★★★★
An athlete runs a marathon, after which his muscles feel fatigued and unable to contract. The athlete asks the nurse why this happened. The nurse's response is based on the knowledge that the problem...

Answered: 1 week ago

Question

★★★★★
The Self - Appraisal Problem Leroy Washington, human resource director at Engel Products was faced with a problem that he had not experienced before and was uncertain how to proceed. The problem was...

Answered: 1 week ago

Question

★★★★★
Appendix A, PHR and SPHR Knowledge Base, at the end of this book (pages 580588) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource...

Answered: 1 week ago

Question

★★★★★
What specific HR functions (recruiting, selecting, training, etc.) can you identify one or more of the team leaders using to help manage their teams on the show? Again, please give specific answers.

Answered: 1 week ago

Question

★★★★★
17.4 Discussthe major considerations in formulating a compensation plan for international employees.

Answered: 1 week ago

Previous Question Next Question