Sarah has the following items of income: Philippines 200,000 100,000 400,000 300,000 30,000 Business income Professional...

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Sarah has the following items of income: Philippines 200,000 100,000 400,000 300,000 30,000 Business income Professional fees Compensation income Rent income Interest income Colombia 100,000 50,000 200,000 40,000 1. Assuming Sarah is a resident citizen, compute the total income subject to Philippine income tax. 2. Assuming Sarah is a resident alien, compute the total income subject to Philippine income tax. 3. Assuming Sarah is a resident corporation, with the exclusion of compensation income and professional fees, compute the total income subject to Philippine income tax. 4. Assuming Sarah is a domestic corporation, with the exclusion of compensation income and professional fees, compute the total income subject to Philippine income tax. Sarah has the following items of income: Philippines 200,000 100,000 400,000 300,000 30,000 Business income Professional fees Compensation income Rent income Interest income Colombia 100,000 50,000 200,000 40,000 1. Assuming Sarah is a resident citizen, compute the total income subject to Philippine income tax. 2. Assuming Sarah is a resident alien, compute the total income subject to Philippine income tax. 3. Assuming Sarah is a resident corporation, with the exclusion of compensation income and professional fees, compute the total income subject to Philippine income tax. 4. Assuming Sarah is a domestic corporation, with the exclusion of compensation income and professional fees, compute the total income subject to Philippine income tax.

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To solve the income tax computation for Sarahs different scenarios we need to calculate the total in... View the full answer