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07 Task Performance 1

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BM1804

NAME: DATE: SCORE:

Gross Income (3 items x 10 points)


Compute how much will be included and excluded in the gross income given the following scenarios.

1. A call center agent receiving a monthly salary of P21,000 with mandatory annual deductions of P15,166,
which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual gross
income?

2. A public school teacher receiving a monthly salary of P26,494 with mandatory annual deductions of
P34,185, which includes SSS, PhilHealth, and Pag-Ibig contributions. What will be the amount for his annual
gross income?

3. A resident alien couple with two (2) dependent children. The husband receives an annual salary of
P652,000, living allowances of P100,000, and a housing benefit of P300,000 (100%). His wife receives
P68,000 from her teaching profession. The husband receives the following: gross dividend income from
investment in shares of stock of a domestic corporation, P10,000; interest from a peso bank account,
P20,000; capital gain on sale of shares, P5,000; and taxes withheld by the employer of the husband at
P118,000 and by the employer of the wife. How much will be the total gross annual income of the husband
and wife?

Rubric for Grading:


CRITERIA POINTS
Complete solution with correct answer 10
Last two (2) major steps of the solution are incorrect 8
Half of the solution is correct 6
First two (2) major steps of the solution are correct 4
First major step of the solution is correct 2

07 Task Performance 1 *Property of STI


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