Philippine Tax Law Benefits Quiz
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Questions and Answers

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 ______

<p>recognition</p> Signup and view all the answers

Gifts given during Christmas and major anniversary celebrations not exceeding P5,000 per employee per annum are considered as ______

<p>benefits</p> Signup and view all the answers

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 ______

<p>compensation</p> Signup and view all the answers

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