Compute the following. 1. How much is the gross sales from business profession? a. Mr. N...
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Compute the following. 1. How much is the gross sales from business profession? a. Mr. N b. Mrs. N 2. How much is the gross receipts from rent a. Mr. N b. Mrs. N Mr. N is in business. Mrs. N is in the practice of profession, and Mr. and Mrs. N had gross rent income and expenses related to it. From the data: Gross sales of Mr. N from business Gross receipts of Mrs. N from practice of profession Gross rent income (gross receipts Cost and expenses, business of Mr. N Cost and expenses, profession of Mrs. N Expenses on the rental property P4,500,000 900,000 500,000 2,500,000 200,000 200,000 Compute the following. 1. How much is the gross sales from business profession? a. Mr. N b. Mrs. N 2. How much is the gross receipts from rent a. Mr. N b. Mrs. N Mr. N is in business. Mrs. N is in the practice of profession, and Mr. and Mrs. N had gross rent income and expenses related to it. From the data: Gross sales of Mr. N from business Gross receipts of Mrs. N from practice of profession Gross rent income (gross receipts Cost and expenses, business of Mr. N Cost and expenses, profession of Mrs. N Expenses on the rental property P4,500,000 900,000 500,000 2,500,000 200,000 200,000
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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