5,, Assume the partnership is a General partnership, compute for the total tax due (basic tax and final tax) by Layla.

6. Assume the partnership is a General professional partnership, compute for the total tax due (basic tax and final tax) by Martis.

Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (Resident citizens) are as follows:

Description ML partnership Martis (40% P/L ratio) Layla (60% P/L ratio)

Compensation income - 300,000 270,000

Business income 800,000 450,000 -

Allowable deductions 200,000 100,000 -

Interest income from deposit in a bank (Philippines) 100,000 10,000 -

5. Assume the partnership is a General partnership, compute for the total tax due (basic tax and final tax) by Layla.

6. Assume the partnership is a General professional partnership, compute for the total tax due (basic tax and final tax) by Martis.

Question 5 Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (Resident citizens) are as follows: Description ML Martis (40% P/L Layla (60% P/L partnership ratio) ratio) Compensation income 300,000 270,000 Business income 800,000 450,000 Allowable deductions 200,000 100,000 Interest income from deposit in a bank 100,000 10,000 (Philippines) Assume the partnership is a General partnership, compute for the total tax due (basic tax and final tax) by Layla. 34,000 72,000 30,000 68,000 Question 6 Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (Resident citizens) are as follows: ML Martis (40% P/L Layla (60% PIL Description partnership ratio) ratio) Compensation income 300,000 270,000 Business income 800,000 450,000 Allowable deductions 200,000 100,000 Interest income from deposit in a bank 100,000 10,000 (Philippines) Assume the partnership is a General professional partnership, compute for the total tax due (basic tax and final tax) by Martis. 159,000 161,000 157,000 155,000 Question 5 Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (Resident citizens) are as follows: Description ML Martis (40% P/L Layla (60% P/L partnership ratio) ratio) Compensation income 300,000 270,000 Business income 800,000 450,000 Allowable deductions 200,000 100,000 Interest income from deposit in a bank 100,000 10,000 (Philippines) Assume the partnership is a General partnership, compute for the total tax due (basic tax and final tax) by Layla. 34,000 72,000 30,000 68,000 Question 6 Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (Resident citizens) are as follows: ML Martis (40% P/L Layla (60% PIL Description partnership ratio) ratio) Compensation income 300,000 270,000 Business income 800,000 450,000 Allowable deductions 200,000 100,000 Interest income from deposit in a bank 100,000 10,000 (Philippines) Assume the partnership is a General professional partnership, compute for the total tax due (basic tax and final tax) by Martis. 159,000 161,000 157,000 155,000