1. The following were taken from the books of SBJ Corporation for the year ended December 31, 2020:
	Net Sales		400,000.00
	Gain on Sale of Asset		50,000.00
	Dividend Income		10,000.00
	Interest Income		5,000.00
	Cost of Sales		120,000.00
	Additional information:
	1. Interest Income was earned from a deposit @ BDO
	2. Gain on sale was derived from the sale of an idle parcel lot owned by the company.
	3. Dividend Income was received from a domestic corporation.
	Required:
	1. Compute the Gross Income
	2. COmpute the Taxable Income
	3. COmpute the Income subject to final Tax
2. The foloowing were information on the dividend received
	In Cash		20,000.00
	In property		30,000.00
	In treasury stock		25,000.00
	Optional stock dividend		60,000.00
	REquired:
	If values given to dividends other than cash are fair market values; compute income subject to income tax:
	a. year end tax
	b. final tax
3. Compute the income subject to tax on the following:
	Interest on Philippine currency bank deposit with maturity of 2 years				20,000.00
	Interest on Philippine currency bank deposit with maturity of 10 years				100,000.00
	Interest on the price of land covered by Land Reform Act				500,000.00
	Interest on trade receivable				10,000.00