Question
A taxpayer, married without qualified dependent child, had the following data for taxable year 2020: Gross income, Philippines P800,000 Gross income, USA 600,000 Expenses, Philippines
- A taxpayer, married without qualified dependent child, had the following data for taxable year 2020:
Gross income, Philippines P800,000
Gross income, USA 600,000
Expenses, Philippines 400,000
Expenses, USA 300,000
If the taxpayer is a resident citizen, married, his taxable income is
P650,000
P400,000
P350,000
P700,000
- A taxpayer, married without qualified dependent child, had the following data for taxable year 2020:
Gross income, Philippines P800,000
Gross income, USA 600,000
Expenses, Philippines 400,000
Expenses, USA 300,000
If the taxpayer is a non-resident citizen, married, his taxable income is
P350,000
P400,000
P700,000
P650,000
- A taxpayer, married without qualified dependent child, had the following data for taxable year 2020:
Gross income, Philippines P800,000
Gross income, USA 600,000
Expenses, Philippines 400,000
Expenses, USA 300,000
If the taxpayer is resident alien, married, his taxable income is
P700,000
P650,000
P350,000
P400,000
- A taxpayer, married without qualified dependent child, had the following data for taxable year 2020:
Gross income, Philippines P800,000
Gross income, USA 600,000
Expenses, Philippines 400,000
Expenses, USA 300,000
If the taxpayer is a non-resident alien engage in trade or business in the Philippines, married and his country grants P40,000 as a personal exemption for married individuals, his taxable income is
P400,000
P700,000
P360,000
P660,000
- A taxpayer, married without qualified dependent child, had the following data for taxable year 2020:
Gross income, Philippines P800,000
Gross income, USA 600,000
Expenses, Philippines 400,000
Expenses, USA 300,000
It the taxpayer is a non-resident alien not engage in business in the Philippines, married and his country grants P40,000 as a personal exemption for married individuals, his taxable income is
P800,000
P400,000
P350,000
P360,000
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Electronic Working Papers For Needles Powers Crossons Financial And Managerial Accounting 9th And Crosson Needles Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
9th Edition
0538791918, 978-0538791915
