tions: 1. ute for the gross taxable income and tax due of Ms. Myra dela Torre, supervisor of the telecommunication company. Basic salary of P1,401,148.83, 13th-month pay, and other benefits P90,000.00, de minimis benefits of P40,000.00,

tions: 1. ute for the gross taxable income and tax due of Ms. Myra dela Torre, supervisor of the telecommunication company. Basic salary of P1,401,148.83, 13th-month pay, and other benefits P90,000.00, de minimis benefits of P40,000.00,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

FABM 2 PT#3
Problem Solving
Directions: 1. Compute for the gross taxable income and tax due
of Ms. Myra dela Torre, supervisor of the telecommunication
company. Basic salary of P1,401,148.83, 13th-month pay, and
other benefits P90,000.00, de minimis benefits of P40,000.00,
SSS/GSIS/, PHIC, and Pag-ibig contributions P16,570.60.
2. Explain the procedure of how you computed the gross
taxable income and tax due of Ms. dela Torre.

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