45. Mr. Gerry, hired as employee on July 1, 2019 received the following compensation for the year:   Monthly Basic Salary                                                        P     20,000 13th Month pay                                                                        20,000 Other benefits                                                                           7,000 Salary from previous employer (Jan- May 2019)                                                                   180,000 Withholding tax from previous                                             4,167 employer Withholding tax (July-Nov 2019)                                         6,000   The amount to be refunded to Mr.

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Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.