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TRUE or FALSE
Instructions: Write True if the statement is correct, otherwise write False.
__________ 1. Salary advances are not deductible in the gross earnings.
__________ 2. Pag-ibig fund and HDMF is one agency only.
__________ 3. De minimis benefits are taxable benefits.
__________ 4. PhilHealth rate imposed in 2021 is 3.5%.
__________ 5. Rate of employer’s contribution for SSS is 12%.
__________ 6. Compensation is the amount agreed by the employer and
employee.
__________ 7. Income taxes are collected on an individual’s earnings.
__________ 8. Withholding tax are imposed on minimum wage earner.
__________ 9. HDMF offers investment and housing program.
__________ 10. Taxes from compensation are directly deducted from individual’s
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