FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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4. Pedro, single, is a minimum wage earner, in addition to his basic minimum wage
of P180 000 for the year 2021, he also received the following benefits:
De minimis, P140 000 excluding Productivity Incentive Pay (P80 000 over
the ceiling)
Productivity incentive pay as provided in the CBA, P28 000
13th month pay and other benefits, Pl12 000
How much is the income tax due of Pedro?
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Transcribed Image Text:4. Pedro, single, is a minimum wage earner, in addition to his basic minimum wage of P180 000 for the year 2021, he also received the following benefits: De minimis, P140 000 excluding Productivity Incentive Pay (P80 000 over the ceiling) Productivity incentive pay as provided in the CBA, P28 000 13th month pay and other benefits, Pl12 000 How much is the income tax due of Pedro?
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