Mulry had the following data from his employment in 2018:

Monthly salary                                            P12,000

Taxes withheld                                                8,000

Pag-ibig fund contributions                             1,500

Union dues                                                     2,400

Philhealth contributions                                     720

SSS premiums                                                  480

13th month pay                                             12,000

Mid-year bonus                                             12,000

Loyalty award                                                  5,000

The portion of compensation which is excluded from the gross compensation income if Mulry is a rank-and-file employee is -

a. P5,100

c. P29,000

b. P34,100

d. None of the above

Answer rating: 100% (QA)

ANS WER d None of the above WORK ING P 12 000 8 000 1 5... View the full answer