he following information appeared in the 2020 BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) of Angelou, a purely compensation income earner: Gross compensation income - Php        400,000.00 13th month pay and other benefits                                                                40,000.00 Amount of taxes withheld (by the employer)                                                30,000.00 Commission                                                                                                     50,000.00 Pagibig contributions                                                                                      10,000.00 Philhealth contributions                                                                                 10,000.00 SSS                                                                                                                    10,000.00 Union dues                                                                                                       10,000.00   Question: The total non-taxable portion to be deducted from gross compensation income of Angelou is:    CHOICES: Php 80,000 Php 70,000 Php 110,000 Php 60,000

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 38P
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The following information appeared in the 2020 BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) of Angelou, a purely compensation income earner:

Gross compensation income - Php        400,000.00

13th month pay and other benefits                                                                40,000.00

Amount of taxes withheld (by the employer)                                                30,000.00

Commission                                                                                                     50,000.00

Pagibig contributions                                                                                      10,000.00

Philhealth contributions                                                                                 10,000.00

SSS                                                                                                                    10,000.00

Union dues                                                                                                       10,000.00

 

Question: The total non-taxable portion to be deducted from gross compensation income of Angelou is:   

CHOICES:

Php 80,000
Php 70,000
Php 110,000
Php 60,000
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