C-D. Use the following information for the next two questions:Mr A, employed in the private sector, received the followingbenefits 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 forhaving worked for the company in the last 25 years. 13 month pay, P40,000 Christmas bonus, P6,000Question: C. How much is Mr. X's taxable "13" month pay and OtherBenefits?Answer:Question: D. If Mr X's total "take-home pay (excluding the benefitsabove) for the year was 480,000, how much is Mr X's tax due for theyear?Answer:
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here