Mr. Vi Sita, a Norwegian residing in the Philippines, earned the following income during the taxable year, net income from the Philippines, P 800,000, Net income from outside the Philippines, P 600,000; Capital gain on direct sale to buyer if shares of stock of domestic corporation P 100,000 Compute the income tax due of Mr. Sita.

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Computation of Income Tax Due Given MrVi Sita is a Norwegian residing in the Philippines He earned t... View the full answer