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7. Senior citizen Mr. Pen Sioner is a senior citizen. He receives a monthly pension from the GSIS, which he directly deposits with Banco de
7. Senior citizen Mr. Pen Sioner is a senior citizen. He receives a monthly pension from the GSIS, which he directly deposits with Banco de Oro - Ayala Branch. Is he exempt from income tax? Is he required to file an income tax return? 8. Business partnership. How often does a business partnership file income tax return for income earned during a single taxable year? Explain the process. 9. Installment payment of tax. The income tax before tax credit of Jucille is P22,000. The withholding tax at source from profession and withholding tax on wages are both P5,000, How much is the income tax payable by Jucille during the 1st and 2nd installment? 7. Senior citizen Mr. Pen Sioner is a senior citizen. He receives a monthly pension from the GSIS, which he directly deposits with Banco de Oro - Ayala Branch. Is he exempt from income tax? Is he required to file an income tax return? 8. Business partnership. How often does a business partnership file income tax return for income earned during a single taxable year? Explain the process. 9. Installment payment of tax. The income tax before tax credit of Jucille is P22,000. The withholding tax at source from profession and withholding tax on wages are both P5,000, How much is the income tax payable by Jucille during the 1st and 2nd installment
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