How much will be included in the gross income? How much is the total amount to be
Fantastic news! We've Found the answer you've been seeking!
Question:
How much will be included in the gross income?
How much is the total amount to be excluded in gross income?
Mr. Anthony was hurt in a bus accident. He received a total indemnity of P1,000,000 from the insurer of the bus. Mr. Anthony paid P550,000 in hospital bills due to the accident.
Mr. Francisco insured his crops for a P1,000,000 insurance cover against calamities. He paid and expensed P100,000 insurance premium.
Related Book For
Posted Date: