Your friend shows you a summary of her compensation for the year as follows:Basic salaryOvertime and Holiday Pay13th month pay and other bonusesP985,00060,000190,000P1,235,000Total:Less: Deductions for-SSS, Philhealth, Pag-ibigUnion duesAdvances from employerAbsences and tardinessNet Pay75,0006,00040,00025,000P1,089,000She wants to know, how much is the total exclusions from her gross income?a. P75,000b. P81,000c. P106,000d. P171,000

Gross pay = Basic salary + Overtime + 13th month pay & Bonuses = P 985000 + 60000 + 190000 = P…

Your friend shows you a summary of her compensation for the year as follows: Basic salary Overtime and Holiday Pay 13h month pay and other bonuses P985,000 60,000 190,000 P1,235,000 Total: Less: Deductions for- SSS, Philhealth, Pag-ibig 75,000 Union dues 6,000 Advances from employer Absences and tardiness |Net Pay 40,000 25,000 P1,089,000 She wants to know, how much is the total exclusions from her gross income? a. P75,000 b. P81,000 c. P106,000 d. P171,000

Your friend shows you a summary of her compensation for the year as follows: Basic salary Overtime and Holiday Pay 13h month pay and other bonuses P985,000 60,000 190,000 P1,235,000 Total: Less: Deductions for- SSS, Philhealth, Pag-ibig 75,000 Union dues 6,000 Advances from employer Absences and tardiness |Net Pay 40,000 25,000 P1,089,000 She wants to know, how much is the total exclusions from her gross income? a. P75,000 b. P81,000 c. P106,000 d. P171,000

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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