How Well Do You Know Income Tax?

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Questions and Answers

What is the maximum amount of 13th month pay that is non-taxable?

  • P100000
  • P90000 (correct)
  • P20833.33
  • P250000

Which of the following is a taxable allowance?

  • Communication Allow (correct)
  • Clothing Allow
  • Meal Allow
  • Regular Transportation Allow

Which of the following is a non-taxable de minimis benefit?

  • Compensation
  • Fuel Allowance
  • 250/month medical cash allowance to dependents (correct)
  • Cost of Living Allowances

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