TRUE OR FALSE
1. Fringe benefit is a regular benefit in cash or in kind provided by the employer in addition to salaries or wages.
2. Deductions are the amount given by the employer as a form of payment for some necessary dues like taxes, loans, Philhealth, PAGIBIG, SSS and/or GSIS.
3. De Minimis benefits are benefits of relatively big values provided by the employers to the employee on top of the basic compensation intended for the general welfare of the employees.
4. De Minimis benefits are not considered as taxable compensation.
5. Pag-IBIG provides housing loan, multi-purpose loan, calamity loan, secured savings.
1. Fringe benefit is a regular benefit in cash or in kind provided by the employer in addition to salaries or wages.
2. Deductions are the amount given by the employer as a form of payment for some necessary dues like taxes, loans, Philhealth, PAGIBIG, SSS and/or GSIS.
3. De Minimis benefits are benefits of relatively big values provided by the employers to the employee on top of the basic compensation intended for the general welfare of the employees.
4. De Minimis benefits are not considered as taxable compensation.
5. Pag-IBIG provides housing loan, multi-purpose loan, calamity loan, secured savings.
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