Nicanor, an employee of ABC Corp., suffered an accident at work and died. The following are information were made available by the employer: Basic salary Php 600,000.00 13th month pay and other benefits 100,000.00 Commission 100,000.00 Separation Pay 500,000.00 Gross compensation income Php 1,300,000.00 Question: How much is the total exclusions from gross income?
Nicanor, an employee of ABC Corp., suffered an accident at work and died. The following are information were made available by the employer:
Basic salary Php 600,000.00
13th month pay and other benefits 100,000.00
Commission 100,000.00
Separation Pay 500,000.00
Gross compensation income Php 1,300,000.00
Question: How much is the total exclusions from gross income?
Step by step
Solved in 2 steps
