20. Which of the following is subject to tax? a. P6,000 representing his unused vacation ieave credits of nine working days; b. Traveling expenses of P15,000 received by an employee who was sent on a business trip to Davao City; C. Representation expenses of P5,000 a month which are not subject to liquidation; d. Tips received by waitresses which are remitted to their employer.
20. Which of the following is subject to tax? a. P6,000 representing his unused vacation ieave credits of nine working days; b. Traveling expenses of P15,000 received by an employee who was sent on a business trip to Davao City; C. Representation expenses of P5,000 a month which are not subject to liquidation; d. Tips received by waitresses which are remitted to their employer.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![20. Which of the following is subject to tax?
P6,000 representing his unused vacation ieave credits of ninë working
days;
b. Traveling expenses of P15,000 received by an employee who was sent
on a business trip to Davao City;
C. Representation expenses of P5,000 a month which are not subject to
liquidation;
d. Tips received by waitresses which are remitted to their employer.
а.
С.
CS Scanned with CamScanner](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F08ef3718-6907-471c-816a-22eaf9fd843f%2Ffcc130ce-1585-479a-9fc4-5e496dcffd67%2Foclkf5ee_processed.jpeg&w=3840&q=75)
Transcribed Image Text:20. Which of the following is subject to tax?
P6,000 representing his unused vacation ieave credits of ninë working
days;
b. Traveling expenses of P15,000 received by an employee who was sent
on a business trip to Davao City;
C. Representation expenses of P5,000 a month which are not subject to
liquidation;
d. Tips received by waitresses which are remitted to their employer.
а.
С.
CS Scanned with CamScanner
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