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The compensation being received by Ms. Samantha as employee, she leases out her 4 door apartment for P12,000 a month each unit. Her compensation income
- The compensation being received by Ms. Samantha as employee, she leases out her 4 door apartment for P12,000 a month each unit. Her compensation income for 2012 consist of P15,000 basic salary a month, 13th month pay based n basic salary plus P40,000 bonus. Proceeds of endowment policy, upon maturity with premium payments made of P1,700,000 the maturity value is P2,500,000 and representation of P2,000. How much is to be included as a gross income in 2012?
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Financial Accounting
Authors: Belverd E Needles, Marian Powers
10th Edition
0547193289, 9780547193281
