Mr. Santos received the following compensation and benefits for a year, working as an IT officer. Annual Basic Salary 13th Month Pay and Bonuses Uniform Allowance Laundry Allowance Rice Subsidy Php 300,000 75,000 5,000 4,000 27,600 D

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Mr. Santos received the following compensation and benefits for a year, working as an IT officer. Annual Basic Salary 13th Month Pay and Bonuses Uniform Allowance Laundry Allowance Rice Subsidy Php 300,000 75,000 5,000 4,000 27,600 Determine how much of Mr. Santos' total compensation is taxable and how much of it is non-taxable.

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