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Questions and Answers
Which of the following is considered a non-taxable compensation?
Which of the following is considered a non-taxable compensation?
- Excess 13 month pay and other benefits above P90,000 (correct)
- Mandatory contributions to SSS, PhilHealth, HDMF and union dues
- Variable performance-based pay
- Regular compensation income
Which type of employee benefits are exempt under treaty or international agreements?
Which type of employee benefits are exempt under treaty or international agreements?
- Exempt retirement benefits
- Fringe benefits subject to fringe benefits tax
- Exempt separation benefits
- Employee benefits required by the nature of, or necessary to, the trade, business or conduct of profession or business of the employer (correct)
Which of the following is not considered a de minimis benefit?
Which of the following is not considered a de minimis benefit?
- Laundry allowance of P300 per month
- Monetized unused vacation leave credits
- 13th month pay (correct)
- Rice subsidy of P2,000 or less
Which of the following is a feature of employer-employee relationship?
Which of the following is a feature of employer-employee relationship?
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Which of the following is a composition of compensation income?
Which of the following is a composition of compensation income?
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