Home
Hello, i would like to ask if FAPE is taxable as gross income.They deducted 3853.42 from 12k. this is the sample computation that they gave us.
they include FAPE in our gross pay per month.
gross income
basic pay 17340
premuim pay
deminimis 1633.30
overload 5110.02
FAPE 12000
total 36000
less non taxable (906.30)
pagibig (100)
sss (581.30)
philhealth (225)
net taxable income 35177.02
less (27083.00)
total 8094.02
multiply by 30%
2428.21
add 4166.67
wtax for the month 6594.88
FAPE 12000
w/tax 8146.58
total 8146.58
is it fair that they deducted this much from FAPE?
isnt it a govenrment subsidy that should not be tax as our gross pay?
for the past 3 years i receive 11300 for FAPE.
and it is only now that they said that what they deduct in the past is wrong
how come other schools doesnt have tax in FAPE?
hope to hear from anyone soon.
thank you.
they include FAPE in our gross pay per month.
gross income
basic pay 17340
premuim pay
deminimis 1633.30
overload 5110.02
FAPE 12000
total 36000
less non taxable (906.30)
pagibig (100)
sss (581.30)
philhealth (225)
net taxable income 35177.02
less (27083.00)
total 8094.02
multiply by 30%
2428.21
add 4166.67
wtax for the month 6594.88
FAPE 12000
w/tax 8146.58
total 8146.58
is it fair that they deducted this much from FAPE?
isnt it a govenrment subsidy that should not be tax as our gross pay?
for the past 3 years i receive 11300 for FAPE.
and it is only now that they said that what they deduct in the past is wrong
how come other schools doesnt have tax in FAPE?
hope to hear from anyone soon.
thank you.
