Statement 1: The excess over the limit of de minimis benefits given to a rank and file is gross compensation subject to the rules on the non-taxable 13th month pay and other benefits. Statement 2: Profit-sharing bonus is included in the computation of 13th month pay and other benefits. Statement 3: Income of the government from proprietary functions is taxable.
Statement 1: The excess over the limit of de minimis benefits given to a rank and file is gross compensation subject to the rules on the non-taxable 13th month pay and other benefits.
Statement 2: Profit-sharing bonus is included in the computation of 13th month pay and other benefits.
Statement 3: Income of the government from proprietary functions is taxable.
Statement 4: Income of a government owned and controlled corporation is not taxable
Statement 5: For a rank and file employee, excess de minimis benefits shall form part of his taxable regular compensation.
Statement 6: For a managerial employee, excess de minimis benefits shall form part of his 13th month pay and other benefits.
Identify if the statements are true or false
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