If the fringe benefits (13th month pay, 14th month pay and allowances) total 89,000 Php, what will be the tax rate be? a. None b. 30% in excess of 80,000 c. 20% in excess of 10,000 d. 10% in excess of 10,000
If the fringe benefits (13th month pay, 14th month pay and allowances) total 89,000 Php, what will be the tax rate be? a. None b. 30% in excess of 80,000 c. 20% in excess of 10,000 d. 10% in excess of 10,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If the
a. None
b. 30% in excess of 80,000
c. 20% in excess of 10,000
d. 10% in excess of 10,000
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