Republic of the Philippines

Department of Education
National Capital Region
SCHOOLS DIVISION OFFICE - MALABON CITY
Maya- Maya St., Kaunlaran Village, Longos Malabon City

FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 2 - ANSWER SHEET

Name:

Activity 13.3 ILLUSTRATIVE PROBLEM: COMPENSATION INCOME

Refer to the BIR tax table. Determine the withholding income tax
deduction for each employee below:

a. Julie Perez is a regular employee with a monthly compensation amounting to

P27,554 and with total statutory deductions of P1,439.15
Julie Perez Income Tax Computation
Monthly Income P
Less: Statutory Deductions

Taxable Income

Monthly Tax due P

b. Marlex Baron is a marketer in a beauty company receiving a total of P30,000 a

month with statutory deduction of P1,506.30. Ms. Baron also received a
commission income amounting to P5,500 for the month.
Marlex Baron Income Tax Computation
Monthly Income P

Add: Additional Income

Less: Statutory Deductions
Taxable Income
 Republic of the Philippines
Department of Education
National Capital Region
SCHOOLS DIVISION OFFICE - MALABON CITY
Maya- Maya St., Kaunlaran Village, Longos Malabon City

FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 2 - ANSWER SHEET

Name:

Monthly Tax due P