Mr. Gab Jaca is a well known Filipino author and recognized expert in the 3 points...

 

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Mr. Gab Jaca is a well known Filipino author and recognized expert in the 3 points field of Accounting. In 2020, he asked for your advise regarding his taxes due to the BIR. He disclosed the following income for your examination and findings. How much is the gross income subject to final taxes, if any? * Royalty from authored books Stock dividends from UAP Corp, a domestic corporation Share in net income from ABC Accounting firm, a GPP Interest income from lending Mr. Nery P1 Million Interest income from ABC bank, a domestic bank, from his peso deposits 500,000.00 100,000.00 1,500,000.00 50,000.00 5,000.00 Mr. Gab Jaca is a well known Filipino author and recognized expert in the 3 points field of Accounting. In 2020, he asked for your advise regarding his taxes due to the BIR. He disclosed the following income for your examination and findings. How much is the gross income subject to final taxes, if any? * Royalty from authored books Stock dividends from UAP Corp, a domestic corporation Share in net income from ABC Accounting firm, a GPP Interest income from lending Mr. Nery P1 Million Interest income from ABC bank, a domestic bank, from his peso deposits 500,000.00 100,000.00 1,500,000.00 50,000.00 5,000.00

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To determine the gross income subject to final taxes for Mr Gab Jaca we need to identify the income ... View the full answer