A private rank and file employee working in a remote tower station of Convulge InternetCompany received the following benefits during 2021: 13th month pay -P72,000;Performance Bonus - P15,000; Christmas Gift - P30,000; Hazard Pay - P6,000; Housingprivilege P38,000; Uniform and clothing allowance - P9,000; Laundry allowance - P6,000;The housing privilege pertains to the annual value of the employee's living quartersfurnished by the employer to the employees. Compute the excess de minimis benefitswhich will be part of 13th month pay and other benefits.

13th month pay 72,000.00 Performance bonus 15,000.00…

Answered: A private rank and file employee…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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12
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