PROBLEM 1

X, resident citizen, had the following data for 2019: Gambling losses, P10,000; Long term capital gain on sale of cellphone, P20,000; Long term capital gain on sale of real property in the Philippines, P100,000 Compensation income, P200,000; Cash dividend, P10,000; Cash donations received from his friend, P100,000 Cash inheritance, P200,000. How much is the taxable net income of X subject to GTR?

A. None of the above

B. 220,000

C. 210,000

D. 410,000

E. 310,000

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PROBLEM 2

Karrin, of Norwegian origin, went to the Philippines for a short lecture series wherein she lectured about how to avoid bullying. The lecture series lasted four weeks. The following details pertain to Karrin's lecture series in the Philippines: Professional fees for lecture (P80,000/week)-P320,000 Income from onsite bookselling within the Philippines- P140,000 Travel expenses incurred, with receipts- P120,000 Food and accommodation expenses incurred, with receipts- P100,000 How much is Karrin's Philippine income tax due?

A. 25,000

B. 115,000

C. 55,000

D. 110,000