For the Taxable Year 2021 Donald a resident Filipino who is working as a customer service representative,

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For the Taxable Year 2021 Donald a resident Filipino who is working as a customer service representative, had the following data related to his earnings and expenses for the year:

Compensation Income 380, 000.00

SSS, PHIC, and HDMF Contributions 19, 000.00

Productivity Bonus 27, 000.00

Premiums on Health Insurance 4, 000.00

Personal, family, and living expenses 200, 000.00

13th Month Pay 31, 700

How much is the taxable income of Donald subject to income tax for the year 2021?

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: Feb 11, 2024 06:35 AM

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For the Taxable Year 2021 Donald a resident Filipino who is working as a customer service representative,

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In the Philippinesfor tax year 2021to calculate Donalds taxable inco... View the full answer

Income Tax Fundamentals 2013

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