45. Mr. Gerry, hired as employee on July 1, 2019 received the following compensation for the year: Monthly Basic Salary P 20,000 13th Month pay 20,000 Other benefits 7,000 Salary from previous employer (Jan- May 2019) 180,000 Withholding tax from previous 4,167 employer Withholding tax (July-Nov 2019) 6,000 The amount to be refunded to Mr.
45. Mr. Gerry, hired as employee on July 1, 2019 received the following compensation for the year: Monthly Basic Salary P 20,000 13th Month pay 20,000 Other benefits 7,000 Salary from previous employer (Jan- May 2019) 180,000 Withholding tax from previous 4,167 employer Withholding tax (July-Nov 2019) 6,000 The amount to be refunded to Mr.
Chapter9: Deductions: Employee And Self- Employed-related Expenses
Section: Chapter Questions
Problem 27CE
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45.
Mr. Gerry, hired as employee on July 1, 2019 received the following compensation for the year:
Monthly Basic Salary P 20,000
13th Month pay 20,000
Other benefits 7,000
Salary from previous employer
(Jan- May 2019) 180,000
Withholding tax from previous 4,167
employer
Withholding tax (July-Nov 2019) 6,000
The amount to be refunded to Mr. Gerry is
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