Question
An individual taxpayer provided the following information for 2020: Description Philippines Malaysia Singapore Gross sales 10,000,000 7,000,000 8,000,000 Sales discounts 500,000 200,000 100,000 Sales returns
An individual taxpayer provided the following information for 2020:
Description | Philippines | Malaysia | Singapore |
Gross sales | 10,000,000 | 7,000,000 | 8,000,000 |
Sales discounts | 500,000 | 200,000 | 100,000 |
Sales returns | 300,000 | 100,000 | 100,000 |
Cost of sales | 5,000,000 | 4,000,000 | 6,000,000 |
Non-operating income | 300,000 | 300,000 | 200,000 |
Expenses | 1,200,000 | 500,000 | 800,000 |
Compute for the income tax due for an individual classified as Resident alien, Non-resident citizen, or Non-resident alien engaged in trade/business.
Flag question: Question 40
Question 405 pts
An individual taxpayer provided the following information for 2020:
Description | Philippines | Malaysia | Singapore |
Gross sales | 10,000,000 | 7,000,000 | 8,000,000 |
Sales discounts | 500,000 | 200,000 | 100,000 |
Sales returns | 300,000 | 100,000 | 100,000 |
Cost of sales | 5,000,000 | 4,000,000 | 6,000,000 |
Non-operating income | 300,000 | 300,000 | 200,000 |
Expenses | 1,200,000 | 500,000 | 800,000 |
Compute for the income tax due for an individual classified as Non-resident alien not engaged in trade/business.
Flag question: Question 41
Question 415 pts
An individual taxpayer provided the following information for 2020:
Description | Philippines | Malaysia | Singapore |
Gross sales | 10,000,000 | 7,000,000 | 8,000,000 |
Sales discounts | 500,000 | 200,000 | 100,000 |
Sales returns | 300,000 | 100,000 | 100,000 |
Cost of sales | 5,000,000 | 4,000,000 | 6,000,000 |
Non-operating income | 300,000 | 300,000 | 200,000 |
Expenses | 1,200,000 | 500,000 | 800,000 |
Compute for the income tax due for an individual classified as Resident citizen.
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