What is mr m total compensation income

Reference no: EM132821224

Mr. M, a resident citizen is working for a Philippine company. His annual salary totals to ?250,000. In addition, he earns an overtime pay of ?72,000, hazard pay of ?36,000, holiday pay ?24,000, and his bonuses total to ?75,000. Mr. M also pays his mandatory contribution amounting to ?9,600 per year. Mr. M is a minimum wage earner.

Problem 1: What is Mr. M's total compensation income?

A. ?250,000

B. ?346,000

C. ?457,000

D. ?325,000

Problem 2: How much is Mr. M's total deductions from his compensation income?

A. ?99,600

B. ?84,600

C. ?75,000

D. ?9,600

Problem 3: How much is Mr. M's income tax liability?

A. ?24,480

B. ?32,850

C. ?14,280

D. None

Reference no: EM132821224

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