ARVIN, A UNIVERSITY INSTRUCTOR, EARNS AN ANNUAL SALARY OF PHP376,200. ARVIN IS NOT MARRIED BUT HAS...
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ARVIN, A UNIVERSITY INSTRUCTOR, EARNS AN ANNUAL SALARY OF PHP376,200. ARVIN IS NOT MARRIED BUT HAS DECLARED ONE DEPENDENT UNDER HIS NAME. REGULAR DEDUCTIONS FROM HIS MONTHLY SALARY INCLUDE SSS- PHP590.00, PHILHEALTH PHP387, AND PAG-IBIG-PHP100.00. PER MONTH, PHP5300.00 IS DEDUCTED FROM SALARY AS WITHHOLDING TAX. (a) DETERMINE HIS NET INCOME PER MONTH (b) DETERMINE THE AMOUNT OF INCOME TAX HE HAS TO PAY OR THE AMOUNT OF OVERPAYMENT AT THE END OF FISCAL YEAR * ARVIN, A UNIVERSITY INSTRUCTOR, EARNS AN ANNUAL SALARY OF PHP376,200. ARVIN IS NOT MARRIED BUT HAS DECLARED ONE DEPENDENT UNDER HIS NAME. REGULAR DEDUCTIONS FROM HIS MONTHLY SALARY INCLUDE SSS- PHP590.00, PHILHEALTH PHP387, AND PAG-IBIG-PHP100.00. PER MONTH, PHP5300.00 IS DEDUCTED FROM SALARY AS WITHHOLDING TAX. (a) DETERMINE HIS NET INCOME PER MONTH (b) DETERMINE THE AMOUNT OF INCOME TAX HE HAS TO PAY OR THE AMOUNT OF OVERPAYMENT AT THE END OF FISCAL YEAR *
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a Determining the net income per month The monthly deductions from Arvins salary are SSS PHP590 Phil... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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