Mr. Gerry, hired as an employee on July 1, 2019, received the following compensation for the year:
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Question:
Mr. Gerry, hired as an employee on July 1, 2019, received the following compensation for the year:
- Monthly Basic Salary P 20,000
- 13th Month pay 20,000
- Other benefits 7,000
- Salary from previous
- employer (Jan-May 2019) 180,000
- Withholding tax from previous employer 4,167
- Withholding tax (July-Nov 2019) 6,000
The amount to be refunded to Mr. Gerry is:
a. 10,167
d. 167
b.4,167
c. 0
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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