Answered: Ver Dray is employed by Dr. Oren as… | bartleby

SWFT Comprehensive Vol 2020

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter15: Taxing Business Income

Section: Chapter Questions

Problem 33P

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Question

Items 2 and 3 are based on the following information:
Ver Dray is employed by Dr. Oren as driver with a salary of P14,000 a
month. In addition, he is given free meals with a monthly value of P10,500
and living quarters with a vaiue of P3,000 a month.
2. The monthiy gross compensation income is
P 24,500
13,500
d. 27,500
a.
C.
b.
14,000
3. If the allowances are furnished to Ver Dray for and as a necessary
incident to the proper performance of his duties, the monthly gross
compensation income is -
P 24,500
13,500
d. 27,500
a.
C.
b.
14,000
CS Scanned with CamScanner

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