Dina Tanggal was dismissed from her employment due to major infraction committed and received P100,000 termination pay. Under the Tax Code final pay received due to involuntary separation is not taxable. Which of the following is true? * A. Tanggal’s P100,000 termination pay is taxable because she was terminated due to cause within her control. B. Tanggal’s P100,000 termination pay is not taxable because her termination is not voluntary. C. Tanggal’s P100,000 termination pay is not taxable because it is against her will. D. Tanggal’s P100,000 termination pa
Dina Tanggal was dismissed from her employment due to major infraction committed and received P100,000 termination pay. Under the Tax Code final pay received due to involuntary separation is not taxable. Which of the following is true? * A. Tanggal’s P100,000 termination pay is taxable because she was terminated due to cause within her control. B. Tanggal’s P100,000 termination pay is not taxable because her termination is not voluntary. C. Tanggal’s P100,000 termination pay is not taxable because it is against her will. D. Tanggal’s P100,000 termination pa
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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Dina Tanggal was dismissed from her employment due to major infraction committed and received P100,000 termination pay. Under the Tax Code final pay received due to involuntary separation is not taxable. Which of the following is true? *
A. Tanggal’s P100,000 termination pay is taxable because she was terminated due to cause within her control.
B. Tanggal’s P100,000 termination pay is not taxable because her termination is not voluntary.
C. Tanggal’s P100,000 termination pay is not taxable because it is against her will.
D. Tanggal’s P100,000 termination pay is taxable because it is due to cause which is beyond her control
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