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What is the monthly tax due?   A. P513.00       B. P806.42       C. P6,160       D. P9,677

What is the monthly tax due?   A. P513.00       B. P806.42       C. P6,160       D. P9,677

FINANCIAL ACCOUNTING
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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What is the monthly tax due?

 
A. P513.00
 
 
 
B. P806.42
 
 
 
C. P6,160
 
 
 
D. P9,677
Mr. Alpha, is an employee of ABC Company. He is nof engaged in business nor has any other source of income other than his employment. For 2020, Mr. Alpha earned a monthly compensation income of Php 25,000 inclusive of his monthly contribution to SSS 1,125, PhilHealth 390, and HDMF amount to Php 100. He also received 13th month pay and bonuses amounting to Php50,000.00.
Transcribed Image Text:Mr. Alpha, is an employee of ABC Company. He is nof engaged in business nor has any other source of income other than his employment. For 2020, Mr. Alpha earned a monthly compensation income of Php 25,000 inclusive of his monthly contribution to SSS 1,125, PhilHealth 390, and HDMF amount to Php 100. He also received 13th month pay and bonuses amounting to Php50,000.00.
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