In addition to the compensation being received by Ms. Lynn R. as employee, she leases out her

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In addition to the compensation being received by Ms. Lynn R. as employee, she leases out her 3-door apartment for P10,000 a month each unit. Her compensation income for 2020 consists of P13,000 basic salary a month, 13th month pay based on basic salary plus P25,000 bonus. As royalties, she received P113,000 for the book she wrote; and P80,000 for her property that is planted with pineapples. What is the amount to be included as gross income in 2020?

Posted Date: Dec 02, 2021 02:25 PM

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In addition to the compensation being received by Ms. Lynn R. as employee, she leases out her

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Gross income 10000per unit so 30000 13000per month 1560... View the full answer

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