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- H, a minimum-wage worker, got the following in 2018: a basic income of P 140,000, a 20,000-peso overtime bonus, a 10,000-peso night shift difference, and a 100,000-peso 13-month compensation. Z's taxable net profit is.Mr. Raya earns purely compensation income for the year 2021 with an annual basic salary of Php480,000.00 and other compensation received as follows:Holiday, OT and Night Differential Pay – Php56,091.95Sick leave conversion (3 leave credits) – Php5,517.24Government Mandatory Contributions – Php21,900.00 a. How much is the total non-taxable income for the year 2021? b. How much is the total taxable income for the year 2021? c. How much is the income tax due for the year 2021?8. Z, minimum wage earner, received the following for 2018: basic salary of P 140,000, overtime pay of P 20,000, night shift differential of P 10,000 and 13h month pay of 100,000. What is the taxable net income of Z?
- Karen Kaled received the following income from her employment in 2021: Gross salaries P400,000 Deductions for: SSS 10,000 PhilHealth 8,000 Pag-Ibig 7,000 Union dues 2,000 Withholding tax 67,400 Loans repayment 50,000 Tardiness and absences 15,000 Net pay: P 240,600 Compute Karen Kaled's taxable compensation income. a. 240,600 b. 290,600 c. 358,000d. 400,000Z, a poverty wages worker, earned the following in 2018: a basic income of P 140,000, a 20,000-peso overtime bonus, a 10,000-peso night shift difference, and a 100,000-peso 13-month bonus. Z's adjusted net earnings isMr. Ramos earns purely compensation income for the year 2021 with an annual basic salary of Php480,000.00 and other compensation received as follows:Holiday, OT and Night Differential Pay – Php56,091.95Sick leave conversion (3 leave credits) – Php5,517.24Government Mandatory Contributions – Php21,900.00 a. How much is the total non-taxable income for the year 2021? b. How much is the total taxable income for the year 2021? c. How much is the income tax due for the year 2021?
- Mr. Robin Pee, a minimum wage earner, works for KKP Inc. Mr. Robin Pee is not engaged in business nor has any other source of income other than his employment. For 2021, Mr. Robin Pee earned a total compensation income of P140,000.00 which consists of the overtime pay (P80,000.00), night shift differential (P30,000.00), hazard pay (P15.000.00) and holiday pay (P15,000.00). The taxpayer contributed to the SSS, Philhealth, and HDMF amounting to P5,000.00 and has received 13th month pay of P11,000.00. How much is his income tax due? A. EXEMPT B. P135,000.00 C. P119,000.00 D. None of the choicesIn 2021, Mr. Crisanto Reyes, a Minimum Wage Earner, received the following from his employer:Annual minimum wage salary, P167,500;Holiday pay, overtime pay, and night shift differential pay, P10,000;13th-month pay, P13,000How much is his income tax due?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?
- Reyes earns purely compensation income for the year 2021 with an annual basic salary of Php480,000.00 and other compensation received as follows: Holiday, OT and Night Differential Pay – Php56,091.95 Sick leave conversion (3 leave credits) – Php5,517.24 Government Mandatory Contributions – Php21,900.00 How much is the total non-taxable income for the year 2021? How much is the total taxable income for the year 2021? How much is the income tax due for the year 2021?If I receive a return to work payment of $20,000 and it is classified under statory income. What difference would it make if this was classified under ordinary income?1. For 2021, Mary has earned net employment income of $50,000. From this income, Canada Pension Plan (CPP) that had been withheld totaled $2,530. What is the amount reported as an Other Deduction for 2021 relating to the "CPP Contribution Enhancement Deduction"? A. $291 B. $233 С. S35 D. $345 E. $431 2. Bob's only source of income is from his consulting business operated as a sole proprietorship. Assuming that Bob only qualifies for the Basic Personal Credit for 2021. what is the maximum amount of net income for tax purposes (NIFTP) that Bob can carn in 2021 without having any federal taxes payable for 2021? A. $2,071 B. $1.257 C. $49,020 D. $O E. $13,808 Joe has Taxable Income of $219,000 for 2021. Joe made a $5,000 donation in 2021 to the United Way (charitable organization). What is the Charitable Donations Tax Credit that Joe can claim for 2021? 4. A. $3,750 В. $1,422 С. $750 D. $1,521 E. $1,614 5. Kelly is a sole proprietor and during 2021 she attended three business related…
