Miguel Ortiz, is a resident Citizen, who earns income from within and without the Philippines, during the
Fantastic news! We've Found the answer you've been seeking!
Question:
Miguel Ortiz, is a resident Citizen, who earns income from within and without the Philippines, during the taxable year, he had the following information
Income – Philippines | ₱938,495.00 | |
Income – Japan | (Exchange is ¥1 is ₱0.50) | ¥883,284.00 |
Income - Korea | (Exchange is ₩1,000 is ₱50.00) | ₩105,183,500.00 |
Income – Saudi Arabia | (Exchange is SAR1 is ₱12.80) | SAR293,050.00 |
Philippine Taxes Paid | ₱348,390.00 | |
Japan Taxes Paid | ¥92,092.00 | |
Korea Taxes Paid | ₱247,231.00 |
Saudi Arabia Taxes Paid | SAR |
How much is his income tax payable?
Related Book For
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
Posted Date: