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

earning.​