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An individual taxpayer provided the following information Gross business income, Philippines 5,000,000 Gross business income, Canada 2,000,000 Gross business income, Singapore 1,000,000 Business expenses, Philippines
An individual taxpayer provided the following information Gross business income, Philippines 5,000,000 Gross business income, Canada 2,000,000 Gross business income, Singapore 1,000,000 Business expenses, Philippines 3,000,000 Business expenses, Canada 1,000,000 Business expenses, Singapore 500,000 Determine the taxable income as well as the tax due assuming: 1. The taxpayer is a resident citizen
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