Compute the taxable income for the instances of a mixed income earner using the data in...
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Compute the taxable income for the instances of a mixed income earner using the data in the table for each case. a. Case 1: Compensation with other Income b. Case 2: Business Income with Other Income c. Case 3: Mixed Income Earner with Other Incorne d. Case 4: Mixed Income Earner with Net Loss on Business or Profession Compensation Income Non-taxable compensation Gross business Income Deductions Other Income P Case 1 450,000 45,000 30,000 Case 2 600,000 250,000 30,000 P Case 3 450,000 P 45,000 600,000 250,000 30,000 Case 4 450,000 45,000 200,000 250,000 30,000 Compute the taxable income for the instances of a mixed income earner using the data in the table for each case. a. Case 1: Compensation with other Income b. Case 2: Business Income with Other Income c. Case 3: Mixed Income Earner with Other Incorne d. Case 4: Mixed Income Earner with Net Loss on Business or Profession Compensation Income Non-taxable compensation Gross business Income Deductions Other Income P Case 1 450,000 45,000 30,000 Case 2 600,000 250,000 30,000 P Case 3 450,000 P 45,000 600,000 250,000 30,000 Case 4 450,000 45,000 200,000 250,000 30,000
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I see an image with a table that provides different financial figures in Philippine pesos for four different cases of income The objective is to compute the taxable income for each case Lets proceed w... View the full answer
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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