Gross compensation in Philippines 600,000 Income from Malaysia 400,000 Gross compensation includes 13th month pay of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Gross compensation in Philippines 600,000 Income from Malaysia 400,000 Gross compensation includes 13th month pay of P 50,000 and P 50,000 bonus during the year. Annual mandatory deduction from his salary amounted to P 30,000 only. Compute the taxable income and tax due assuming the taxpayer is a: 1. Resident Citizen 2. Non resident Citizen 3. Resident Allen Gross compensation in Philippines 800,000 Income from Malaysia 500,000 Gross compensation includes 13th month pay of P 40,000 and P 30,000 bonus during the year. Annual mandatory deduction from his salary amounted to P 25,000 only. Compute the taxable income and tax due assuming the taxpayer is a: 4. Non-resident Alien - Engaged in Trade or Business 5. Non-resident Alien-Not Engaged in Trade or Business 6. Recently employed in a petroleum service contractor with contract with the government. Gross compensation in Philippines 600,000 Income from Malaysia 400,000 Gross compensation includes 13th month pay of P 50,000 and P 50,000 bonus during the year. Annual mandatory deduction from his salary amounted to P 30,000 only. Compute the taxable income and tax due assuming the taxpayer is a: 1. Resident Citizen 2. Non resident Citizen 3. Resident Allen Gross compensation in Philippines 800,000 Income from Malaysia 500,000 Gross compensation includes 13th month pay of P 40,000 and P 30,000 bonus during the year. Annual mandatory deduction from his salary amounted to P 25,000 only. Compute the taxable income and tax due assuming the taxpayer is a: 4. Non-resident Alien - Engaged in Trade or Business 5. Non-resident Alien-Not Engaged in Trade or Business 6. Recently employed in a petroleum service contractor with contract with the government.
Expert Answer:
Answer rating: 100% (QA)
Hello student Heres the answer which I hope will help you in your studies Gross compensation in PH 6... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
Students also viewed these accounting questions
-
1. Consider a two-ray channel with impulse response h(t) = 8(t) + 8(t 0.022s). Find the distance separating the transmitter and receiver, as well as and , assuming free-space path loss on each path...
-
During the tax year 2020/21, Keith received a gross annual basic salary of 128,400 in Jets plc. he is required to make regular use of computer equipment. Jets plc pays the cost of eye-tests and...
-
A 1200 kg car is accelerated from 30 to 50 km/h in 5 s. How much work is that? If you continue from 50 to 70 km/h in 5 s is that the same?
-
1. [20 points] A mattress manufacturer has three production facilities located in Pittsburg (PA), Houston (TX), and Los Angeles (CA). They supply their products to three distribution centers in...
-
ABC Inc. is in the business of airframe maintenance, modification and retrofit services, avionics and aircraft interior installations, the overhaul and repair of aircraft engines, and other related...
-
Show that each of the following bit vectors is a twos-complement representation of 4 by applying Equation 2.3: A. [1100] B. [11100] C. [111100] Observe that the second and third bit vectors can be...
-
Who are the principal recipients of the auditor's required communication of material weaknesses in internal accounting control?
-
The sales department of F. Pollard Manufacturing Co. has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1....................................
-
Business Rule - "no pilot can fly more than 10 hours within any 24-hour period" Draw a ERD diagram of the following Business Rule above.
-
Joseph and Diane Smith 1580 West Street Chatham, VA 24531 Joseph and Diane are both 35 and have no dependents. If your clients receive a refund, they want the full amount refunded to them. Diane is...
-
We already know that as a general rule, around 11.0% of all patients visiting a certain family doctor's office complaining of a sore throat have a bacterial strep infection. If we randomly select a...
-
Econ Manufacturing is selling in a purely competitive market.Its production output is 200 units, which it sells at 5 dollars each. At this level of production output, total cost is 1100 dollars,...
-
What is true concerniIt was stated in the video that the homicide rate had increased in Chicago by 30 percent in the past year. Where is the most uniform and official place that statistics such as...
-
The business manager at Econ Store finds when she increases the price of Econ Cola from $1.00 to $1.25, the quantity sold decreases from 1000 to 600 liters. What is the price elasticity of demand? Is...
-
How do advances in systems biology and computational modeling facilitate our understanding of the complex interplay between genetic factors, environmental influences, and homeostatic regulation at...
-
How do multicellular organisms integrate sensory input and respond with precision to environmental cues, orchestrating adaptive physiological responses to preserve internal stability ?
-
Assume that your Italian affiliate reports sales revenue of 2,500,000 euros. If your spot rate is $1=0.7084 and the end of year rate is $1=0.7080 and the average rate is $1=0.7082. The parent company...
-
DEPARTMENT DATA EMPLOYEE DATA EmployeeNumber FirstName Mary Rosalie Richard George Alan 3 4 5 7 8 9 855555ES 12 13 14 15 16 17 Create the database tables in SQL or ACCESS: 18 19 20 PROJECT DATA Ken...
-
The Shaw Navigational Company is a public Canadian corporation that operates a fleet of ships on the Great Lakes. In common with other Great Lakes shipping companies, rates are quoted and revenues...
-
Why is a reverse takeover often immediately followed by a name change of the legal parent corporation?
-
The TGF Care Facility (TGF) is a not- for- profit organization dedicated to providing services in the care and rehabilitation of seniors with physical or mental disabilities. The main programs are...
-
Verify that the log-likelihood of model (7.7) is \(\sum_{i=1}^{k}\left[n_{i} \lambda-\exp (\lambda) ight]\). (a) Compute MLE of \(\lambda\). (b) Compute the Pearson chi-square statistic and compare...
-
Think about the general concept of a relationship, not necessarily in a business setting, but just relationships in general between any two parties. What aspects of relationships are inherently...
-
What is value? In what ways does a relationship selling approach add value to your customers, to you the salesperson, and to your sales organization?
Study smarter with the SolutionInn App