Question: NOTE: PHILIPPINES - How do you compute the tax due for a taxpayer with purely compensation income? 2. How does an individual taxpayer compute the

NOTE: PHILIPPINES - How do you compute the tax due for a NOTE: PHILIPPINES

- How do you compute the tax due for a taxpayer with purely compensation income? 2. How does an individual taxpayer compute the tax due if income is derived from exercise of profession or from engaging in a business? 3. Discuss how the tax due of an individual who has mixed income from compensation and business is obtained. 4. Explain how a domestic corporation that derives income from rendering services computes its taxable income and tax due. 5. Discuss how a domestic corporation that derives income from sale of goods computes its taxable income and tax due

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