A Manager of MUUG Corporation received the following remunerations:Gross salaries, net of SSS, PHIC and HDMFsss maternity benefitsP1,140,000P20,000Profit sharing bonus13th month payP155,000P100,000Compute the taxable compensation income.

Manager of MUUG Corporation received following Compensation Gross Salaries, Net of SSS, PHIC…

A Manager of MUUG Corporation received the following remunerat Gross salaries, net of SSS, PHIC and HDMF SSS maternity benefits Profit sharing bonus 3th month pay P1,140,000 P20,000 P155,000 P100,000 Compute the taxable compensation income

A Manager of MUUG Corporation received the following remunerat Gross salaries, net of SSS, PHIC and HDMF SSS maternity benefits Profit sharing bonus 3th month pay P1,140,000 P20,000 P155,000 P100,000 Compute the taxable compensation income

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 35P

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Question

A Manager of MUUG Corporation received the following remunerations:
Gross salaries, net of SSS, PHIC and HDMF
sss maternity benefits
P1,140,000
P20,000
Profit sharing bonus
13th month pay
P155,000
P100,000
Compute the taxable compensation income.

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