Mianel, an employee of XYZ Corp. is receiving regular monthly compensation in the amount of ₱100,000. The monthly nontaxable deductions would be GSIS (₱ 9,000.00), Philhealth (₱ 687.50), and HDMF (₱ 100.00). Compute for the withholding tax due. Compute for the amount to be withheld.
Mianel, an employee of XYZ Corp. is receiving regular monthly compensation in the amount of ₱100,000. The monthly nontaxable deductions would be GSIS (₱ 9,000.00), Philhealth (₱ 687.50), and HDMF (₱ 100.00). Compute for the withholding tax due. Compute for the amount to be withheld.
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 3SSQ
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Mianel, an employee of XYZ Corp. is receiving regular monthly compensation in the amount of
₱100,000. The monthly nontaxable deductions would be GSIS (₱ 9,000.00), Philhealth (₱ 687.50), and
HDMF (₱ 100.00). Compute for the withholding tax due. Compute for the amount to be withheld.
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