Mr. Seaman loloko, an OFW, seaman, working in the United States of America arrived here in...

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Mr. Seaman loloko, an OFW, seaman, working in the United States of America arrived here in the Philippines on August 8, 2019 to visit his family in Pampanga after 4 years of work (was hired August 3, 2015). He had with him "pasalubong" and a money worth P 3,000,000 from his income from work. On August 26, he decided to enter into business and after several months, he earned P 600,000 from it. On August 28, he received a report from his captain that he will receive an employee benefit of P 50,000. He came to you and asked the following question: How much will I report as income from within the Philippines? Mr. Seaman loloko, an OFW, seaman, working in the United States of America arrived here in the Philippines on August 8, 2019 to visit his family in Pampanga after 4 years of work (was hired August 3, 2015). He had with him "pasalubong" and a money worth P 3,000,000 from his income from work. On August 26, he decided to enter into business and after several months, he earned P 600,000 from it. On August 28, he received a report from his captain that he will receive an employee benefit of P 50,000. He came to you and asked the following question: How much will I report as income from within the Philippines?

Answer rating: 100% (QA)

Income from work as seamen 3000000 Income from his ... View the full answer