6 Questions
Monetized unused vacation leave credits of private employees not exceeding 10 days during the year is an example of a(n) ______
benefit
Rice subsidy not exceeding P2,000 or 1 sack of 50-kg rice per month amounting to not more than P2,000 is a form of ______
assistance
Laundry allowance not exceeding P300 per month is a type of ______
benefit
Employee achievement award, e.g., for length of service or safety achievement, which must be in the form of tangible property other than cash or gift certificates, with an annual monetary value not exceeding P10,000 is a type of ______
recognition
Gifts given during Christmas and major anniversary celebrations not exceeding P5,000 per employee per annum are considered as ______
benefits
Daily meal allowance for overtime work and night or graveyard shift not exceeding 25% of the basic minimum wage on a per region basis is an example of ______
compensation
Test your knowledge on tax benefits provided by Philippine tax laws for private employees and government officials, including monetized leave credits, medical cash allowances, rice subsidies, uniform and clothing allowances, and more.
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