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Sahi hai bai bs philippines train law b likh dena PROBLEM 2 Dr. Stephen Strange is employed as a cardiologist at Grey-Sloan Memorial Hospital. In

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PROBLEM 2 Dr. Stephen Strange is employed as a cardiologist at Grey-Sloan Memorial Hospital. In year 2020, he received the following summary of this payroll: Gross Compensation Income Overtime Pay 13th Month Pay Performance Bonus Relocation Package SSS Employee Share PHIC Employee Share HDMF Employee Share Christmas Bonus 456,000.00 84,500.00 38,000.00 21,000.00 15,000.00 (20,760.00) (6,000.00) (6,000.00) 12,000.00 TOTAL 593,740.00 Dr. Strange also has a consultation clinic which is separate and independent from Grey-Sloan Memorial Hospital. Last year he earned a total of P600,000 from his clinic. : a. Under TRAIN Law, how much is the maximum amount for 13th month and other benefits to be tax exempt? (5pts) PROBLEM 2 Dr. Stephen Strange is employed as a cardiologist at Grey-Sloan Memorial Hospital. In year 2020, he received the following summary of this payroll: Gross Compensation Income Overtime Pay 13th Month Pay Performance Bonus Relocation Package SSS Employee Share PHIC Employee Share HDMF Employee Share Christmas Bonus 456,000.00 84,500.00 38,000.00 21,000.00 15,000.00 (20,760.00) (6,000.00) (6,000.00) 12,000.00 TOTAL 593,740.00 Dr. Strange also has a consultation clinic which is separate and independent from Grey-Sloan Memorial Hospital. Last year he earned a total of P600,000 from his clinic. : a. Under TRAIN Law, how much is the maximum amount for 13th month and other benefits to be tax exempt? (5pts)

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