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How much of the additional earnings will be taxed

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Reference no: EM132857810

Question - An employer provides a living allowance to hisemployees monthly. Considering that the living allowance is defined as follows:

Living allowance = clothing + laundry + daily meal + transportation

How much of the additional earnings will be taxed if an employee's living allowance is P5,000 and each part in the definition is 0.25 of the living allowance?

Reference no: EM132857810

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