SS12 - QUIZ#4

1. Engr. Dela Cruz put up his own engineering consultation firm and declared the following:
1. Php. 2.6m as gross income
2. Deductions as follows:
a) Miscellaneous expenses.... Php. 320, 000
b) salary of an engineer .......... 23,000/m
c) salary of a messenger ............. 14,000/m
d) a second hand car for the firm......329,000
e) a new computer ......................... 45,000
f) Playboy magazine subscription..... 25,000/a
g) Engineering digest subscription.... 25,000/a
h) buntings during the town fiesta...... 30,000
i) donation to caritas........................ 25,000
j) Mayors permit............................. 5,000
k) barangay permit ......................... 2,000
l) membership fee to an association of
consultants...30,000
m) Christmas giveaways from the firm........
15,000
n) as an owner/ proprietor of the firm he attended a seminar in Kuala Lumpur and spend the following
1. Airfare.......... 30,000
2. Hotel bill....... 10,000
3. Seminar fee.... 7,000
4. A new suit that he wore in the seminar 15,000
5. Loses in the casino..... 30,000
6. Pasalubong ............... 25,000
He is married with two minor children and his parents are also living with him and depending on him.
Compute for his ATP. Answer should be like this 123,000.... No php sign before
ANSWER: 331,720

2. Engineer B works at company O and receives a monthly salary of Php. 29,999 as monthly pay and
twice of this as mid-year bonus and also twice of this 13th month pay. His tax withheld is 7,000/m for
12months. He is married with three minor children and has a brother who is physically handicapped of
working is also his dependent. Compute his ATP, ATSP or ATR. Answer should be like 1,212 ATR or 1,212
ATSP
ANSWER: 2,504.8 ATR