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What is the taxable income

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Question - Markus Ngineus, single, is a managerial employee of Microna & Softpa Company. He received the following employee benefits in 2014:

Salaries P4,000,000

Stock bonus 800,000

Fixed allowances 200,000

Car designated for the use of Markus 2,500,000

House and lot, transferred in the name of Markus 5,000,000

Required - What is the taxable income?

Reference no: EM133048100

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