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COMPENSATION INCOME PROBLEM: A taxpayer has the following data for the years 2018 and 2019: INCObE Gross Income Business Expense 2018 P 360,000 280, ooo

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COMPENSATION INCOME

PROBLEM:

A taxpayer has the following data for the years 2018 and 2019:

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INCObE Gross Income Business Expense 2018 P 360,000 280, ooo 2019 P 500,000 350, ooo

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