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The following relate to the compensation income of a private rank-and-file employee, single, during the year 2019: (See image) The correct net taxable income should
The following relate to the compensation income of a private rank-and-file employee, single, during the year 2019: (See image) The correct net taxable income should have been is: Compensation income 13th month pay 14th month pay Monthly rice allowance Commission from employer Christmas gift 540,000 45,000 45,000 2,000 12,000 8,000 a. 559,000 b. 555,000 O c. 562,000 d. Some other
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