Question: Activity 2 Compute what is asked. Write your answer on a separate sheet of paper. A. Mr. Edgar earns the following compensation income in a

Activity 2 Compute what is asked. Write your
Activity 2 Compute what is asked. Write your answer on a separate sheet of paper. A. Mr. Edgar earns the following compensation income in a taxable year: Basic salary 288,000 Uniform allowance 7,000 Laundry allowance 2,400 13th month pay 24,000 How much is the tax due? (Use tax table applicable to Years 2018 to 2022) B. Information on Mr. B's compensation is provided below: Regular monthly salary: Basic Monthly Salary 120,000 Cost of living allowance (COLA) per month 6,000 Rice subsidy per month 2,000 Annual benefits: 13th month pay 120,000 Uniform allowance 7,000 How much is the tax due for the year? C-D Use the following information for the next two questions: Mr A, employed in the private sector, received the following benefits during the year: Rice subsidy of one 50 kg sack of rice per month worth P2,500 . Uniform and clothing allowance, P8,000 for the year . Medical benefits for hospitalization during the year, P38,000 Laundry allowance, PI,000 per month Omega wristwatch worth P230,000 received as a loyalty award for having worked for the company in the last 25 year. 13 month pay, P40,000 Christmas bonus, P6,000 C. How much is Mr. X's taxable "13" month pay and Other Benefits? D. If Mr X's total "take-home pay (excluding the benefits above) for the year was 480,000, how much is Mr X's tax due for the year

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