he following relate to the compensation income of a private rank andfile employee during the year: Annual compensation income P 540,000 13th month pay 45,000 14thmonth pay 45,000 Total of monthly rice...


he following relate to the compensation income of a private rank andfile employee during the year:


Annual compensation income P 540,000


13th month pay 45,000


14thmonth pay 45,000


Total of monthly rice allowances during the year 26,000


Commission from employer 12,000


Christmas gift 8,000


SSS, Philhealth and HDMF contributions 21,000



Compute the total non-taxable compensation income



Jun 09, 2022
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