Its computation solely depends on the number of months the employee has attended work in a year. All establishments regardless of the number of employees are required to pay their rank-and-file employees.How to compute 13th month pay?The basic formula to compute the 13th month pay is:...
U.S. citizens pay federal income taxes to the Internal Revenue Service (IRS), a branch of the United States Treasury. In addition, many states have an additional state income tax. If your state does not charge an income tax, you may still be required to pay other types of taxes. This ...