Question
A certain tax payers has the following income and expenses for the taxable year: Salary, Procter and Gamble Phils Inc P240,000 Rental Income Phil. 480,000
A certain tax payers has the following income and expenses for the taxable year:
Salary, Procter and Gamble Phils Inc P240,000
Rental Income Phil. 480,000
Rental Income USA 600,000
Cash dividends from P&G Phils Inc 20,000
Interest Income on time deposits, FNCB, Makati Branch 15,000
Allowable deduction on rental business
Philippines 220,000
USA 200,000
Required:
NRA-ETB, single
NRA-NETB, married with 12 children, assuming that all income he received from the Philippines are non-business income.
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Contemporary Auditing Real Issues And Cases
Authors: Michael Chris Knapp
9th International Edition
1133187900, 978-1133187905
