Analyze the statement and comply of what is being asked. 1. Ms. Melissa, a public school teacher,

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Analyze the statement and comply of what is being asked.

1. Ms. Melissa, a public school teacher, is married to a farmer. Her gross compensation income for the taxable year amounted to P340,000.00. The couple has six (6) qualified dependent and she paid health insurance premium of P5,000.00

REQUIRED: 1. Compute the deduction for basic exemption, additional exemption and health insurance payment.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 06, 2024 12:00 AM

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Analyze the statement and comply of what is being asked. 1. Ms. Melissa, a public school teacher,

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Income Tax Fundamentals 2013

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