Chapter 10 Flashcards
This refers to any person for whom an individual performs any service of whatever nature as employee of such person.
Employer
This refers to any individual who is a recipient of wages and includes officer, employee or elected official of the Government of the Philippines or any political subdivisions, agency or instrumentality thereof
Employee
Are officers of a company its employees?
Yes
What is the 4 fold test?
332
This is a screening process for employees to hire.
Selection and engagement of employees
This refers to the control of the employer on the payment of wages
Payment of wages
This is the power to retrench or terminate employees
Power of dismissal
This is the power to control the employee on the means and methods by which the work is accomplished
Power of control
What is the most important in the elements of a four fold test?
Power of control
Who are not employees?
Consultants, directors without management function, tv show artists
Those who are given powers or prerogatives to lay down and execute managerial policies and/or to hire, transfer, suspend, lay. off, recall, discharge, assign or discipline employees.
Managerial employees
Those who effectively recommend such managerial actions if the exercise of such authority is not merely routinary or clerical in nature but requires the use of independent judgment.
Supervisory employees
Those who hold neither managerial nor supervisory functions. the rest of those uno are not managerial, supervisory
Rank and file employees
Employees who are recipients of minimum wage.
They are exempt from income tax on their compensation.
Minimum wage earners
Employees who are subject to the regular progressive income tax. working for at least l yr per permanent employee
Regular employee
What is the treatment of taxable de minimus benefits for rank nd file employees?
treated as compensation income
What is the treatment of taxable de minimus benefits for rmanagerial and supervisory employees?
treated as fringe benefit tax subject to final fringe benefit tax
These are facilities or privileges such as entertainment, medical services, or courtesy discounts on purchases that are of relatively small value and are furnished by the employer merely as a means of promoting the health, goodwill, contentment, or efficiency of his employees.
De minimis benefits
memorize de minimus benefits table
