The following relate to the compensation income of a private rank and file employee during the year. Annual compensation income P540 000 13th month pay 45,000 14th month pay 45,000 Total of monthly rice allowance during the year 26,000 Commission from employer 12,000 Christmas gift 8,000 SSS, PhilHealth and HDMF contribution 2 000 1. Total exemp: De Minimis benefits is
The following relate to the compensation income of a private rank and file employee during the year. Annual compensation income P540 000 13th month pay 45,000 14th month pay 45,000 Total of monthly rice allowance during the year 26,000 Commission from employer 12,000 Christmas gift 8,000 SSS, PhilHealth and HDMF contribution 2 000 1. Total exemp: De Minimis benefits is
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![The following relate to the compensation income of a private rank and file employee during the year
Annual compensation income
P540,000
13th month pay
45,000
14th month pay
45,000
Total of monthly nice allowance ouring the year
26, 000
Commission from employer
12,000
Christmas gift
8000
SSS PhilHealth and HDMF contribution
2 000
1. Total exempt De Minimis beneftsis](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd441b07-2d7c-4c7d-b025-7e7409ff9d81%2Fe7cc76dc-aabc-4d98-84a6-f263fe88b84e%2F3dm88pu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following relate to the compensation income of a private rank and file employee during the year
Annual compensation income
P540,000
13th month pay
45,000
14th month pay
45,000
Total of monthly nice allowance ouring the year
26, 000
Commission from employer
12,000
Christmas gift
8000
SSS PhilHealth and HDMF contribution
2 000
1. Total exempt De Minimis beneftsis
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