Question: Answer the problem below with different situation A taxpayer married without qualified dependent child had the following data for taxable year 2020: Gross Income, Philippines
Answer the problem below with different situation
A taxpayer married without qualified dependent child had the following data for taxable year 2020:
Gross Income, Philippines P800,000
Gross Income, Japan 600,000
Expenses, Philippines 400,000
Expenses, Japan 300,000
If the taxpayer is a resident citizen, married, his taxable income is
a. P400,000
b. P350,000
c. P650,000
d. P700,000
A taxpayer married without qualified dependent child had the following data for taxable year 2020:
Gross Income, Philippines P800,000
Gross Income, Japan 600,000
Expenses, Philippines 400,000
Expenses, Japan 300,000
If the taxpayer is a resident alien, married, his taxable income is
a. P400,000
c. P700,000
d. P650,000
b. P350,000
A taxpayer married without qualified dependent child had the following data for taxable year 2020:
Gross Income, Philippines P800,000
Gross Income, Japan 600,000
Expenses, Philippines 400,000
Expenses, Japan 300,000
If the taxpayer is a non- resident alien engage in trade or business in the Philippines, married and his country grants P40,000 as a personal exemption for married individuals, his taxable income is
a. P700,000
b. P660,000
c. P400,000
d. P350,000
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