The following de minimis benefits were received by Berto, during the taxable year. Berto works in the private sector: Monetized unused vacation leave credits (15 days x P850) Rice subsidy |Uniform and clothing allowance Laundry allowance Total P12,750 36,000 7,000 4,800 P27,550 How much is the total non-taxable de minimis benefits?
The following de minimis benefits were received by Berto, during the taxable year. Berto works in the private sector: Monetized unused vacation leave credits (15 days x P850) Rice subsidy |Uniform and clothing allowance Laundry allowance Total P12,750 36,000 7,000 4,800 P27,550 How much is the total non-taxable de minimis benefits?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![The following de minimis benefits were received by Berto, during the taxable year.
Berto works in the private sector:
Monetized unused vacation leave credits (15
days x P850)
Rice subsidy
Uniform and clothing allowance
Laundry allowance
Total
P12,750
36,000
7,000
4,800
P27,550
How much is the total non-taxable de minimis benefits?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F611b428d-23ee-452a-8d70-1e8ed3cb9d0c%2Fc94b37de-7fdc-41ee-8f17-ec450e851aa5%2F6n5vool_processed.png&w=3840&q=75)
Transcribed Image Text:The following de minimis benefits were received by Berto, during the taxable year.
Berto works in the private sector:
Monetized unused vacation leave credits (15
days x P850)
Rice subsidy
Uniform and clothing allowance
Laundry allowance
Total
P12,750
36,000
7,000
4,800
P27,550
How much is the total non-taxable de minimis benefits?
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