How much is the gross income of Mr. Ponce? Mr. Ponce is an employee of XYZ Trading. For the month of June, Ponce received the following from XYZ: Description Amount Basic salary Overtime and holiday pay Transportation and cellphone allowance Reimbursement of office supplies for XYZ Reimbursement of utilities payment for XYZ P25,000 2,500 4,000 2,000 4,000 O P37,500 P33,500 P31,500 P27,500
How much is the gross income of Mr. Ponce? Mr. Ponce is an employee of XYZ Trading. For the month of June, Ponce received the following from XYZ: Description Amount Basic salary Overtime and holiday pay Transportation and cellphone allowance Reimbursement of office supplies for XYZ Reimbursement of utilities payment for XYZ P25,000 2,500 4,000 2,000 4,000 O P37,500 P33,500 P31,500 P27,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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