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2 Mt. Bhas thefolowingincomefar 2020 Php 20 000interest incomefromanon-resident Taiwanesefriend . Php40.000interest incanre fromPhilippineresidents Prop 500,000 rent incanrefroman apartment locatedin Canada, whichis leased toresident Filipinos

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2 Mt. Bhas thefolowingincomefar 2020 Php 20 000interest incomefromanon-resident Taiwanesefriend . Php40.000interest incanre fromPhilippineresidents Prop 500,000 rent incanrefroman apartment locatedin Canada, whichis leased toresident Filipinos Php 300 000rentincomefromaboardinghouseinMakati City . Php400,000salaryfromaresident foreigncorporation Php 100,010professional fees renderedto Filipinocitizens inHongkong . . Php 50,000gainansaled merchandisepurchasedinKorea andsddinthePhilippines Php 250,000gainansaleof ahouse andlot locatedinNueva Edjatoanonresident Chinese Computethe total income earned fromsources. a Withihehilippines b Outsith Philippines 3 In2020, M. Cadda piece of land whichhad a cost of Php 2000,00 for asedling price of Php 4000,000. The sale called for an assumption by the buyer of a mortgage on the land of Php 2,500,000, cash of Php 500,000 an the cate of sale and installment payments of Php 200,000 every year thereafter. Thelandis an ordinary asset. a Howmuchis thecar tract price? b. Howmuchistheincametobereportedin2020under theinstallment method? 4 Idartify thetaxdeanthefdlowingpassiveincome a Royalties froman inver tionby aresident alien, Php 169000 b. Interest fromaninvestment management account with Metroberk witha 6-year termof a non-resident alienengagedinresearchconsultancy inthe Philippines, Php 100,000 C PCS@innings esidanit Php0,000 Royalties as musical composer received by anon-resident. citizen Php 369,000 e Bingowrings at Manilaof anonresident citizen, Php50,000 : Prizeinasinging can test, Php 30,000 g Shared aresident citizen a partner incomputer systemdesignbusiness in the Philippines, Php,000,000 h Cash dividend fromSan Miguel Corporation, a danrestic carparation, received by a non resident alienengagedinbusiness inthe Philippines, Php 20,000 i. Interest fromBDObarkdeposit under theexpanded foreignaurrency deposit systemof nan

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