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Compute the exempt de minimis benefit

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Reference no: EM132763146

Question - Philippine Taxation 2020 (Train Law) - The following data is related to the compensation income of a private rank and file employee of SAMSAN TECH CORP during 2019:

Annual compensation income 540,000

13th month pay 45,000

14th month pay 45,000

Total monthly rice allowance during the year 26,000

Commission from employer 12,000

Christmas gift 8,000

SSS, PHIC and HDMF contribution P21,000

Required - Compute the exempt de minimis benefit?

Reference no: EM132763146

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