1. Michael is a waiter who is earning a daily rate of P400, the minimum wage in...
Question:
1. Michael is a waiter who is earning a daily rate of P400, the minimum wage in the town where he lives. It is his only source of income. He reported for work on December 24, 25, and 26 thus he was not able to spend Christmas with his family.
He even had to render overtime of 4 hours on Christmas day.
a. Is Michael’s income, in general, taxable? Why?
b. Michael earned double on Christmas plus overtime pay, are these taxable?
2. Mr. Thomas Jones is originally from Australia but owns a computer hard ware store here in the Philippines where he resides. He occasionally goes back to his country as he also owns a business there. He does not have Filipino citizenship as he has no Filipino wife nor did he apply to be one.
a. Is Mr. Jones a taxpayer in the Philippines? What is his category?
b. If Mr. Jones is indeed a taxpayer in the Philippines, is his business income in Australia also taxable here in the Philippines?
3. What is real property tax?
