1.

a) Taxable Income
Basic 300,000
Add – 13th Month Pay 25,000
Other Benefits 75,000
Clothing Allowance 7,000
Monetized 5 day sideline 5,000
Achievement Award 15,000 127,000
Total 427,000

Less-inclusions
13th Month Pay and Other Benefits (100,000-90,000) 10,000
Clothing (7,000-6000) 1,000
Sideline 5,000
Achievement Aware ( 15,000-10,000) 5,000 21,000
Taxable Income 406,000
321,000.00

b) Exempt Income

13Th Month Pay & Other Benefits 90,000

Clothing Allowance 6,000
Achievement Award 10,000
Total 106,000

c) Tax Due
Taxable Income 406,000
Less-Exempt 250,000
Net 156,000
Tax Rate 20%
Tax Due 31,200