2:06 PM3MK/S171 461 82IncomeH. . .Reminder: Use the information in the profiles to complete Forms 1700 and 1701. The fileidentifies additional items you need to calculate.BIR Form 1700 link:https://www.bir.gov.ph/images/bir_files/taxpayers_service_programs_and_monitoring_ 1/1700%20Jan%202018%20ENCS%20v6.pdfBIR Form 1701 link:https://www.bir.gov.ph/images/bir_files/taxpayers_service_programs_and_monitoring_ 1/1701%20Jan%202018%20final%20with%20rates.pdfBIR Form 1700 and 1701 ProfilesBIR Form 1700Background Information:Monthly Salary: PHP 40,000.Other Income: PHP 5,000 (monthly bonus)Non-Taxable/Exempt Compensation:13th-month pay: PHP 40,000De minimis benefits: PHP 10,000SSS/GSIS, PhilHealth, and Pag-IBIG Contributions: PHP 1,500 per monthBackground Information on Taxpayer/Filer:Taxpayer Identification Number (TIN): 123-456-789-000. RDO Code: 050Taxpayer's Name: DELA CRUZ, JUAN A.Registered Address: 123 Rizal St., Barangay Kapitolyo, Pasig City, Metro ManilaZIP Code: 1603Date of Birth: 06/15/1985.Email Address: juandelacruz@gmail.comCitizenship: FilipinoClaiming Foreign Tax Credits?: NoContact Number: 09171234567Civil Status: SingleMobileHeadingsEditShareRead AloudViewO 2:06 PM316.5K/S171 46 82IncomeH. . .Date of Birth: 06/15/1985Email Address: juandelacruz@gmail.comCitizenship: Filipino.Claiming Foreign Tax Credits?: NoContact Number: 09171234567Civil Status: SingleAdditional Information:Tax Withheld per BIR Form 2316: PHP 50,000. Amended Return?: No=Penalties: NoneInstructions:Compute for the following. These are information that you need to include as you fillout the form:Gross Annual Compensation Income: (Monthly Salary + Monthly Bonus) x 12Total Non-Taxable/Exempt Compensation: 13th-month pay + De minimis benefitsGross Taxable Compensation Income: Gross Annual Compensation Income - TotalNon-Taxable/Exempt CompensationTotal Tax Due: Use the appropriate tax rate from the tax tables provided in the form.Net Tax Payable: Total Tax Due - Tax WithheldBIR Form 1701Background Information:Monthly Business Income: PHP 100,000Monthly Salary Income: PHP 50,000Monthly Business Expenses: PHP 30,000SSS/GSIS, PhilHealth, and Pag-IBIG Contributions: PHP 2,000 per monthBackground Information on Taxpayer/Filer:MobileHeadingsEditShareRead AloudViewO 2:06 PM0.00 H+.B/S121 46 82Monthly Business Expenses: PHP 30,000SSS/GSIS, PhilHealth, and Pag-IBIG Contributions: PHP 2,000 per monthBackground Information on Taxpayer/Filer:Taxpayer Identification Number (TIN): 234-567-891-000. RDO Code: 051Taxpayer's Name: REYES, MARIA B..Citizenship: FilipinoRegistered Address: 456 San Juan St., Barangay Bagumbayan, Quezon City, MetroManilaZIP Code: 1110.Birthdate: 08/20/1988.Email Address: mariabrey@gmail.comContact Number: 09281234567Civil Status: Married.Spouse's Name: REYES, MIGUEL C.Spouse's TIN: 345-678-912-000Additional Information:Tax Withheld on Salary: PHP 15,000. Tax Paid on Business Income: PHP 5,000Penalties: NoneInstructions:Compute for the following. These are information that you need to include as you fillout the form:. Gross Annual Business Income: Monthly Business Income x 12Gross Annual Salary Income: Monthly Salary Income x 12.Total Business Expenses: Monthly Business Expenses x 12Total SSS/GSIS, PhilHealth, and Pag-IBIG Contributions: 12 x Monthly contributionGross Taxable Income from Business: Gross Annual Business Income - TotalBusiness ExpensesGross Taxable Income: Gross Taxable Income from Business + Gross Annual SalaryIncome - Total SSS/GSIS, PhilHealth, and Pag-IBIG ContributionsTotal Tax Due: Use the appropriate tax rate from the tax tables provided in the form.Net Tax Payable: Total Tax Due - Tax Withheld on Salary - Tax Paid on BusinessIncomeO