Question: a. Multiple Choice - Problems: Part 1 1. Mr. Juanito had the following income in 2015: Compensation income, net of P77,000 SSS, P 300,000 PhilHealth,

 a. Multiple Choice - Problems: Part 1 1. Mr. Juanito had

a. Multiple Choice - Problems: Part 1 1. Mr. Juanito had the following income in 2015: Compensation income, net of P77,000 SSS, P 300,000 PhilHealth, HDMF and union dues 30,000 Supplemental compensation income netgi 25,000 13th month pay and other benefits sblado no Personal exemption 50,000 29 What is the gross taxable compensation income? P352,000 c. P325,000 b. P280,000 d. P330,000 xe al ysg singtonlib 31 mogla bris 2. The following relates to an annual payroll of the employee: Gross compensation income, before P14,000 Savol contributions to SSS, PHIC and HDMF P 247,500 Additional compensation 45,000 13th month pay and other benefits 32,000 Compute the gross taxable compensation income.asyoleme isigot 5 000.5895 P242,500 c. P310,500 b. P278,500 los plans d. P324,500 a. dua albis antong 3. Colyong, a government employee, receives a full 13th month pay of P20,000, exclusive of P14,000 other benefits. He was deducted P18,000 during the year as premium for his SSS, PHIC, and HDMF contributions. Snobs Compute Colyong's gross taxable compensation income.blo si a. P222,000 c. P240,000 to b. P226,000 d. P256,000 Insblast 10 20 Bolso be 4. An employee received the following compensation during the year: Gross compensation (P11,000 x 13 months) P 143,000 Do Overtime pay 12,000 Less: SSS, PHIC, HDMF and union dues 5,200 Withholding tax 10,000 15,200 P 139,800 Net pay

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!