53. A taxpayer collected the following passive income during the year: Passive income Interest income from...

 

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53. A taxpayer collected the following passive income during the year: Passive income Interest income from banks P300,000 Royalties from books Philippines Rent properties 200,000 400,000 Abroad P800,000 100,000 200,000 What is the amount to be reported in gross income if the taxpayer is a resident citizen? 53. A taxpayer collected the following passive income during the year: Passive income Interest income from banks P300,000 Royalties from books Philippines Rent properties 200,000 400,000 Abroad P800,000 100,000 200,000 What is the amount to be reported in gross income if the taxpayer is a resident citizen?

Answer rating: 100% (QA)

The taxpayer needs to report all their income regardless of location because they are a resident cit... View the full answer