1. If the taxpayer is a Filipino engineer and an employee of a domestic corporation in the Philippines. He is assigned to render services in USA. He will stay abroad for a maximum period of 15 months. The architect remains in the Philippine payroll of the company. How much is the total income tax expense?
2. If the taxpayer is an American basketball player, stayed in the Philippines for eight (8) months in the Philippines to educate and train young basketball players to play systematic and scientific basketball. How much is the final withholding tax?
3. Based on the information above, answer the following:

   
   

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   3. Based on the information below, answer the following:

      
      

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The individual taxpayer received the following items of income during the taxable year 2021:

Interest income from BPI - Makati Branch from checking account	P62,000
Interest income from BDO - Manila Branch from savings deposit	38,500
Interest income from PNB - San Juan Branch from foreign currency deposit account under the expanded currency deposit system	42,000
Interest income from dollar deposit on Bank of New Jersey in the United States	130,000
Interest income from promissory note, Philippines	58,400
Interest income from promissory note, United States	62,000
Yield from deposit substitute, Philippines	87,000
Interest from Philippine government securities	21,000
Interest income from long-term deposits, Philippines	57,000
Interest income from long-term deposits, Japan	62,500
Royalties from books, Philippines	16,000
Royalties from paintings, Philippines	60,000
Royalties from musical compositions, Japan	50,000
Dividend from Domestic Corporation	100,000

Effective January 1, 2018 until December 31, 2022:

Amount of Net Taxable Income	Rate
Over	But Not Over
-	P250,000	0%
P250,000	P400,000	20% of the excess over P250,000
P400,000	P800,000	P30,000 + 25% of the excess over P400,000
P800,000	P2,000,000	P130,000 + 30% of the excess over P800,000
P2,000,000	P8,000,000	P490,000 + 32% of the excess over P2,000,000
P8,000,000		P2,410,000 + 35% of the excess over P8,000,000

Answer rating: 100% (QA)

ANSWER To compute the total income tax expense for the Filipino engineer assigned to render services in the USA and the final withholding tax for the American basketball player well need to follow the ... View the full answer