Question: How much is the net income within? How much is the net income without? If the taxpayer is a Resident Alien, how much is the
How much is the net income within?
How much is the net income without?
If the taxpayer is a Resident Alien, how much is the net taxable income?
An individual taxpayer has the following income during the year 2021 P 500,000 90,000 670,000 40,000 Gain from sale of Real Property located in Quebec Income from services rendered in the Philippines for a client located in Australia Income from a grocery business established in Qatar Interest income from a loan granted to a Filipino businessman Sale of house appliances Net loss from the sale of property Unrealized income from financial instruments Business Income from Manila Expenses (from sources within) Expenses (from sources without) 80,000 (40,000) 170,000 230,000 (90,000) (160,000) An individual taxpayer has the following income during the year 2021 P 500,000 90,000 670,000 40,000 Gain from sale of Real Property located in Quebec Income from services rendered in the Philippines for a client located in Australia Income from a grocery business established in Qatar Interest income from a loan granted to a Filipino businessman Sale of house appliances Net loss from the sale of property Unrealized income from financial instruments Business Income from Manila Expenses (from sources within) Expenses (from sources without) 80,000 (40,000) 170,000 230,000 (90,000) (160,000)
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