Mr. Pedro Manansala, a minimum wage earner has a total compensation income for 2019 amounting to P230,000. This includes his 13th month pay of P16,000 and other bonuses of P22,000. His mandatory contributions such as SSS, Philhealth and Pag-IBIG (HDMF) total to P5,000. Aside from his basic wage, Pedro also earned an additional pay of P150,000 from his overtime pay and holiday pay.
1. What is the Total Compensation Income of Mr. Manansala?
2. How much is the total deductions from Mr. Manansala's income?
3. How much is his taxable income?
4. How much is his income tax due?
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