57. Based on the given information, how much is Mr. Harry's taxable income? A. PO C. P20,000 B. P260,000 D. P60,000
Mr. Harry is employed in DTE Corporation. He received the SMW for 2018 in the total amount of P175,000, inclusive of the 13th month pay. In the same year, he also received overtime pay of P40,000 and night-shift differential of P25,000. He also received commission income from the same employer of P20,000, thus, total income received amounted to P260,000.
57. Based on the given information, how much is Mr. Harry's taxable income?
A. PO
C. P20,000
B. P260,000
D. P60,000
58. In relation to the above, how, much is Mr. Harry's tax due?
A. PO
C. P1,000
B. P2,000
D. some other answer
59. In relation to the above, how much is the income exempt from tax?
A. PO
C. P240,000
B. P260,000
D. P200,000
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58. In relation to the above, how, much is Mr. Harry's tax due?
A. PO
C. P1,000
B. P2,000
D. some other answer
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