50 31- 52 53 Engr. Limpe, an enterprising business person, had the following receipts during the year: 34 Gross receipts in his rent-a-plant business Refund on excess payment of insurance premium Honorarium as speaker in an Engineering Forum Refund of excess payment of donor's tax 37 58 Rental income, net of tax tent: 59 Receipts as operator of janitorial services, net of tax nocopi ad 70 Gross sales of merchandise 71 72 73 74 Winnings in a local TV game show, net of tax 75 Gross receipts, shoes repair and key duplication business Refund of fire insurance premium Estate tax refund Property dividend, net of tax Birthday gift from the spouse Gross business income - Japan 26 76 7 27 Interest income, Development Bank of the Philippines bonds Interest income, Banco de Oro, net of tax Gross receipts as operator of beauty and wellness center 9 30 31 Gross business income - China 2 33 21: 12 33 4 Cost of sales of merchandise 35 Salaries and allowances, including wages of household aide for P 75,000 36 Taxes and licenses, including income tax of P 45,000 and real property tax of P 54,000 37 Insurance expense 1, 850,560,00 35,600.00 48,560.00 53,250.00 Disbursements - Depreciation, including depreciation for household appliance of P 7,800 and office equipment of P 6,400 Bad debts written off, including P 35,000 receivable from his sister 9 00 Interest expense, including interest on loan from his father of P 14,500.00 01 Business rentals 950.250.00 955.000.00 1,935,600.00 1,954,000.00 150,000 15,800.00 80.000.00 During the year, the taxpayer recovered P 50,000 from a bad debt written off the previous year, which writing off increased the losses to P 250,000. The taxpayer received a stock dividend of 20,000 shares at P100/share. The taxpayer sold his wrist watch for a gain of P 50,000.00 but sold his car at a loss of P 60,000.00. When creditable withholding taxes are required, the same were withheld. He has the following: 02 Light, water and telephone 03 Losses, including wagering loss of P 50,000, long term loss from sale of capital asset of P 35,000, casualty 04 Charitable contribution, including alms to beggars for P 30,000, the Red Cross for P 100,000 and the victin Additional information - Three years ago last March 15, the taxpayer rented a Manila lot from Leaderland Resources for 15 years. Six months later, he built a building valued at P30M with life expectancy of 20 years. He uses the spread out method in reporting income. During the year, the taxpayer recovered P 150,000 from a bad debt from his father-in-law, written off two years ago, which writing off decreased the net income to the same extent. os Miscellaneous expense, including medical expense of the household staff for P 24,500 and educational ex 06 Business expenses- Japan 07 Business expenses- China 08 Income taxes paid - Japan 09 Business expenses- China 10 948,730.00 35,400.00 Estate tax refund 120,000.00 968,720.00 877,540.00 823,490.00 825,670.00 135,690.00 95,670.00 60,530.00 120,500.00 64,000.00 84,680.00 105,670.00 F 258,940.00 200 ano.co 640,520.00 283,530.00 Interest income, Developmer Tax not withheld 20% 187,730.00 720,400.00 291,640.00 65,400.00 245,320.00 15,800.00 3,160.00