LJ, married, left the Philippines in the middle of the year on July 1, 2018 to go
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Question:
For Jan 1 to June 30, the gross business income for Phls and abroad were 300000 and 200000, respectively, and the business expenses were 100000 and 50000 for Phls and abroad, respectively.
For July 1 to Dec 31 the gross business income for Phls and abroad were 600000 and 400000, respectively, and the business expenses were 150000 and 50000 for Phls and abroad, respectively.
His taxable income is?
I. 800000
II. 950000
III. 1100000
IV. 600000
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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