23. a. b. Mr. Juan, who is married with 4 minor children, is a rank-and-file employee...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
23. a. b. Mr. Juan, who is married with 4 minor children, is a rank-and-file employee of DEF Corporation. In 2021, he had the following employment-related data: C. d. Compensation and Benefits Gross annual salary Overtime pay 13th month pay Rice subsidies Actual medical benefits The tax-exempt de minimis benefits of Mr. Reyes amounted to: P33,000 P33,600 P43,000 P43,600 Clothing allowance Laundry allowance P936,000 50,000 80,000 36,000 20,000 8,000 3,000 23. a. b. Mr. Juan, who is married with 4 minor children, is a rank-and-file employee of DEF Corporation. In 2021, he had the following employment-related data: C. d. Compensation and Benefits Gross annual salary Overtime pay 13th month pay Rice subsidies Actual medical benefits The tax-exempt de minimis benefits of Mr. Reyes amounted to: P33,000 P33,600 P43,000 P43,600 Clothing allowance Laundry allowance P936,000 50,000 80,000 36,000 20,000 8,000 3,000
Expert Answer:
Answer rating: 100% (QA)
The taxexempt de minimis benefits of Mr Juan amounted to P43600 Explanation De minimis benefits a... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Prepare the current assets section of the balance sheet at December 31 for Bin Manufacturing using the following information. $22,000 Selling expenses.. Finished goods inventory. Cash..... $12,000...
-
Prepare the current assets section of the balance sheet as of May 31, 2012, for Nancys Spices and More, Inc., using the following information: Accounts...
-
Prepare the current assets section of the balance sheet in the correct order based on the following information: (2 points) Accounts Receivable $150,000 Work in process $75,000 Prepaid Expenses...
-
In 2014, Elbert Corporation had net cash provided by operating activities of $531,000; net cash used by investing activities of $963,000; and net cash provided by financing activities of $585,000. At...
-
If your school has a subscription to the FASB Codification, go to aaahq.org/ascLogin. cfm to log in and prepare responses to the following. (a) What is the definition of current liabilities? (b) What...
-
Charts and graphs are often used to help people understand numbers. To be helpful, charts and graphs must be clearly labeled. Required: 1. Use the data from Application Problem 15-4, Instruction 1,...
-
Louisiana Timber Company currently has 5 million shares of stock outstanding and will report earnings of $9 million in the current year. The company is considering the issuance of 1 million...
-
What is the process for a CMS ( Centers for Medicare & Medicaid Services ) audit / review ? How is the process managed?
-
W&S Partners has just won the January 31, 2026, audit for Cloud 9. As a part of the risk assessment phase for the new audit, the audit team needs to gain an understanding of Cloud 9's structure and...
-
On January 1, 2018, Lessor Able leased a machine to Lessee Baker on a six-year lease. The machine was purchased by Able immediately prior to the lease; the machine cost Able $400,000. The cash...
-
Suppose that a machine has 38-bit virtual addresses and 32-bit physical addresses. (a) Describe how to set up a single-level page table when the page size is 16KB. How large is the page table size...
-
(a) Write the recurrence relation for the running time T(n) of the function f(n) given below. public static int f(int n) { if (n == 1) return 2; else return f(n/2) + f(n/2) + g(n); } public static...
-
The National Bank of 3 0 1 1 is experiencing unexpectedly high levels of deposit withdrawals due to financial challenges at another bank in the country. The Risk Manager is conflicted between the use...
-
Construct a Mealy Machine that gives 2's complement of any binary input Input Alphabet = {0,1} Output Alphabet A = {0,1} What will be the output for the following string
-
X QNaCl structure is shown in the unit cell given. The ionic radius of Nat is 0.97 and the ionic radius of Cl is 1.81 . a) Calculate the linear density along [100] direction by showing the direction...
-
Interrogating Government Employees." I found the podcast to be very interesting because it discussed how government employees are to be interrogated so, their 5th Amendment right is not violated....
-
Calculate the change in entropy when 100 kJ of energy is transferred reversibly and isothermally as heat to a large block of copper at (i) 0 C, (ii) 50 C.
-
Explain the differences between the installment-sales method and the cost-recovery method.
-
The books of Conchita Corporation carried the following account balances as of December 31, 2012. Cash $ 195,000 Preferred Stock (6% cumulative, nonparticipating, $50 par) 300,000 Common Stock...
-
Linden Company started operations on January 1, 2008, and has used the FIFO method of inventory valuation since its inception. In 2014, it decides to switch to the average cost method. You are...
-
Oligopolies exist when only a(n) _________ firms control all or most of the production and sale of a product.
-
What is a Nash equilibrium?
-
How does a tit-for-tat strategy work?
Study smarter with the SolutionInn App