Mayumi, a rank and file, reports the following for the year 2021: Compensation, net of P77,000 mandatory contributions P300,000 Supplemental compensation 35,000 13th month pay and other benefits 50,000 De minimis benefits within the ceiling amounts 20,000 6,000 De minimis benefits in excess of the ceiling amounts 45,000 Fixed transportation and communication allowance How much is the taxable compensation income? O 300,000 O 335,000 O 380,000 386,000

Analis has the following information and reported the for the taxable year: Basic salary 900,000; supplemental compensation 150,000; mandatory contributions  35,000; Rice allowance 30,000; Uniform allowance 10,000; 13th month pay 85,000. Compute for: a. total taxable compensation? 1,060,000; 1,025,000; 1,015,000 b.non-taxable de minimis benefit? 45,000; 30,000; 0 c.regular compensation  900,000; 1,050,000; 1,135,000

Presented below is pension information related to Tyre Recycling Inc., for the calendar year 2019. The corporation uses ASPE. Current service costs $ 50,000 Contributions to the plan 55,000 Actual return on plan assets 40,000 Defined benefit obligation (beginning of year) 600,000 Fair value of plan assets (beginning of year) 400,000 Interest cost on the obligation 10% The pension expense to be reportedfor 2019 is     Select one: a. $110,000. b. $70,000. c. $65,000. d. $50,000. e. None of the above.

Asha's pension adjustment (PA) in 2020 was $3,500 and in 2021 the PA was $4,000. Asha's 2020 Notice of Assessment showed unused RRSP room of $8,000.  How much can Asha contribute to an RRSP for the 2021 taxation year?  A) $10,260 B) $14,760 C) $15,160 D) $27,830