The following table relates to the compensation income of a government rank and file employee for the month of June.

Gross basic salary 32,457

Representation allowance 2,200

Transportation allowance 850

Laundry allowance 250

Medical cash allowance to dependents 250

Hazard pay 1,200

Overtime pay 3,300

Rice subsidy 1,850

Deductions:

SSS, GSIS, PHILHEALTH, PAG-IBIG contributions 2,850

SSS loan 1,000

Premium payments on life insurance policy 500

Net Pay 38,007

Questions

1. How much is the net taxable compensation income? 

2. How much is the total exempt compensation?

3. How much is the total taxes to be withheld from the employee for the month?

Answer rating: 100% (QA)

Net Taxable Compensation Income Net Pay Gross Income Deductions Net Taxable Compensation Income Gros... View the full answer