[FABM2] Lesson 045 - Annual Tax on Compensation Income

Hi! This is Sir Chua's Accounting Lessons PH.
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FUNDAMENTALS OF ACCOUNTANCY, BUSINESS, AND MANAGEMENT 2
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Lesson 045
Annual Tax on Compensation Income
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Handout 045
Annual Tax on Compensation Income
drive.google.c...
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Kevin Troy M. Chua, CPA
*Certified Public Accountant, October 2014
*CIPP UK Certified Payroll Professional®, October 2020
*Certified Tax Technician, November 2020
*BS Accountancy
*Master in Accountancy, Major in Management Accounting
*NC-III Bookkeeping, TESDA
*Content Developer for Accountancy - Course Hero
*Accounting and Finance Lecturer
*Formerly from PwC - Isla Lipana & Co. and SM
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For comments and suggestions, you may put them down respectfully in the comments section below.
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For speakership invites, please do not hesitate to shoot an email at [e-mail]
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Opening and ending music:
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TO GOD BE ALL THE GLORY, HONOR, AND PRAISE FOREVERMORE!

[@CecilleCaro-e2b]

Hi, Sir Chua! Thank you for this video. I let my students watch your videos as they are very helpful in their FABM subject. Hope you can make another video with examples using 2023 and onwards withholding tax table.

[@hilynbarroga7967]

Sobrang helpful more power po sir ✨ and more videos to come ♥️🎉

[@khen106]

This very helpful po Sir Chua. Can you please make a video tackling about itemized deduction and optional standard deduction?

[@gibsonte6206]

Hello, Sir Chua, Hindi na po i add yung 25% sa overtime po?

[@exploreandloveyourself]

Sir yung exces na tax refund/ payable po for annualization babawas po ba sa dec. or january reminttce

[@kimv_]

Thank you po Sir Chua!❤
Sir ask lang po magkano po ang itatax pag sumobra sa 90,000 'yong bonus and other benefits? Thank you po.

[@legnamotovlog8593]

Sir thanks for the info po... Ask lang po it will included po ba as gross income ng isang individual if nanalo siya ng cash amount sa isang game show or lotto game... Thanks po sa sagot... 🥰 🥰 🥰

[@bangsmatter4394]

Nice explanation. Can we have a sample for those who get bonus twice a year. Lets say 86k in march and 86k in November, how do we compute the tax since this is more than 90k in a year.

[@jrrseadf]

Sir Chua ask ko lang po kung bakit naging 802,740.00 yung gross compensation income? I mean alam ko po na iaadd un lahat pero bakit parang kulang po?😊

[@myraetcobanez7240]

sir ask ko lang po sana what if nahired yung isang employee at the middle of the year. for e.g. july sya nahired with a monthly salary of 35106 pesos.? panu po iccompute ang tax nya?

[@topchefabaloneseafoodresta6086]

paano po ang treatment na ggawin kung ang prevoius emp sa beginning of the year ay closed na. paano po ang pag submit ng 2316?

[@murieldacula661]

Tanong po sir what if po Jan-Dec na yung na witheld

[@jenalyndasig5966]

sir di po ba included ang midyr bonus sa 13th month pay and other benefits?

[@ronielgontinias1734]

naiintindihan ko kaso pagdating sa module ko kaso iba eh sasakit na ulo ko :(

[@NicoYuan-nq7he]

Same