A married resident citizen has five (5) qualified dependent children. The following information pertain to his...
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A married resident citizen has five (5) qualified dependent children. The following information pertain to his income and expenses in the year 2019: Salary, net of P20,000 withholding tax Rent expense, apartment house Health insurance premium paid How much is the taxable compensation income? 3. A single resident citizen has two (2) qualified dependent children. During the year 2019, he earns and spends the following: Gross receipts from practice of profession Cost of services Expenses in connection with the practice of profession Hospitalization insurance premium paid P380,000 36,000 5,000 How much is the taxable net income and income tax due? Income tax due using 8% Gross Receipts Tax Rate. P750,000 500,000 50,000 2,000 A married resident citizen has five (5) qualified dependent children. The following information pertain to his income and expenses in the year 2019: Salary, net of P20,000 withholding tax Rent expense, apartment house Health insurance premium paid How much is the taxable compensation income? 3. A single resident citizen has two (2) qualified dependent children. During the year 2019, he earns and spends the following: Gross receipts from practice of profession Cost of services Expenses in connection with the practice of profession Hospitalization insurance premium paid P380,000 36,000 5,000 How much is the taxable net income and income tax due? Income tax due using 8% Gross Receipts Tax Rate. P750,000 500,000 50,000 2,000
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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