An employee has a gross compensation income of P350,000 in 2019. His employer deducted P3,000 SSS, P1,750 Philhealth, P4,500 Home Development Mutual Fund, P2,800 union dues and P60,000 creditable withholding tax. Compute for the gross taxable compensation income of the employee:

An employee has a gross compensation income of P350,000 in 2019. His employer deducted P3,000 SSS, P1,750 Philhealth, P4,500 Home Development Mutual Fund, P2,800 union dues and P60,000 creditable withholding tax. Compute for the gross taxable compensation income of the employee:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

4G
". 10:11 O O B
01:58:42 Remaining
Multiple Choice
An employee has a gross
compensation income of
P350,000 in 2019. His employer
deducted P3,000 SSS, P1,750
Philhealth, P4,500 Home
Development Mutual Fund,
P2,800 union dues and P60,000
creditable withholding tax.
Compute for the gross taxable
compensation income of the
employee:
P277,950
P337,950
P340,750
P350,000
1 of 60
II

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