Mr. Ferdie Ngaling, a Filipino but residing in Singapore, realized a net income from Philippines P 1,040,000 ,Net Income from Singapore P 800,000 Capital gain on sale of land in Philippines, P600,000. with selling price of P4,000,000. Compute Income tax due of Mr. Ngaling.

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To compute the income tax due for Mr Ferdie Ngaling we need to consider his income from both the Phi... View the full answer